Motorola Solutions Inc (NYSE:MSI) CAO Daniel G. Pekofske sold 4,785 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $143.03, for a total transaction of $684,398.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
MSI stock opened at $145.23 on Friday. The company has a market cap of $23.24 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.44 and a beta of 0.59. Motorola Solutions Inc has a 1 year low of $105.89 and a 1 year high of $148.43.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.20. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Analysts anticipate that Motorola Solutions Inc will post 7.35 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. increased its position in Motorola Solutions by 8.6% during the 1st quarter. CIBC World Markets Inc. now owns 15,006 shares of the communications equipment provider’s stock worth $2,107,000 after purchasing an additional 1,193 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in Motorola Solutions by 14.8% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 824 shares of the communications equipment provider’s stock valued at $116,000 after acquiring an additional 106 shares during the period. Icon Wealth Partners LLC acquired a new position in Motorola Solutions in the 1st quarter valued at approximately $36,000. Citizens Financial Group Inc RI increased its position in Motorola Solutions by 4.4% in the 1st quarter. Citizens Financial Group Inc RI now owns 57,492 shares of the communications equipment provider’s stock valued at $8,073,000 after acquiring an additional 2,420 shares during the period. Finally, Jackson Wealth Management LLC increased its position in Motorola Solutions by 1.7% in the 1st quarter. Jackson Wealth Management LLC now owns 10,477 shares of the communications equipment provider’s stock valued at $1,471,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 87.07% of the company’s stock.
Several brokerages have recently commented on MSI. Raymond James set a $160.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research report on Friday, May 3rd. TheStreet upgraded shares of Motorola Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. MKM Partners boosted their target price on shares of Motorola Solutions to $143.00 and gave the company a “neutral” rating in a research report on Monday. BTIG Research boosted their target price on shares of Motorola Solutions from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank boosted their target price on shares of Motorola Solutions from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $138.68.
About Motorola Solutions
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.
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