Ruggie Capital Group acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 208 shares of the communications equipment provider’s stock, valued at approximately $35,000.

A number of other institutional investors also recently made changes to their positions in MSI. Reilly Financial Advisors LLC raised its position in Motorola Solutions by 386.0% in the first quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 332 shares during the period. Institutional & Family Asset Management LLC raised its position in Motorola Solutions by 100.0% in the first quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Hexavest Inc. purchased a new stake in Motorola Solutions in the second quarter valued at $30,000. Icon Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the first quarter valued at $36,000. Finally, Berman Capital Advisors LLC grew its stake in shares of Motorola Solutions by 60.2% in the first quarter. Berman Capital Advisors LLC now owns 274 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.

A number of brokerages have recently weighed in on MSI. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective for the company. in a research note on Wednesday, July 3rd. Argus lifted their price objective on Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Barclays began coverage on Motorola Solutions in a research note on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price objective for the company. Northcoast Research cut Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective for the company. in a research note on Wednesday, July 17th. Finally, Raymond James lifted their price objective on Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $158.00.

In other news, SVP Rajan Naik sold 1,708 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total transaction of $257,617.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 85,471 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $177.99, for a total value of $15,212,983.29. The disclosure for this sale can be found here. Insiders have sold a total of 704,292 shares of company stock valued at $120,725,479 over the last three months. 2.99% of the stock is currently owned by insiders.

MSI traded up $3.60 on Wednesday, hitting $178.99. 32,041 shares of the company were exchanged, compared to its average volume of 947,009. Motorola Solutions Inc has a twelve month low of $108.25 and a twelve month high of $179.14. The company has a market cap of $28.69 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The firm has a 50-day moving average price of $171.41 and a two-hundred day moving average price of $152.02.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.17. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $1.46 EPS. Motorola Solutions’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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