Motorola Solutions Inc (NYSE:MSI) CEO Gregory Q. Brown Sells 79,164 Shares

Motorola Solutions Inc (NYSE:MSI) CEO Gregory Q. Brown sold 79,164 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $175.41, for a total value of $13,886,157.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gregory Q. Brown also recently made the following trade(s):

  • On Thursday, August 8th, Gregory Q. Brown sold 85,471 shares of Motorola Solutions stock. The stock was sold at an average price of $177.99, for a total value of $15,212,983.29.
  • On Monday, August 12th, Gregory Q. Brown sold 264,635 shares of Motorola Solutions stock. The stock was sold at an average price of $176.80, for a total value of $46,787,468.00.

Shares of MSI traded down $1.29 during trading hours on Monday, reaching $175.02. 949,293 shares of the company’s stock traded hands, compared to its average volume of 866,639. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 3.18 and a beta of 0.56. Motorola Solutions Inc has a twelve month low of $108.25 and a twelve month high of $179.14. The stock has a fifty day simple moving average of $169.95.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.17. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. Analysts forecast that Motorola Solutions Inc will post 7.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of Motorola Solutions by 2.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock valued at $378,000 after purchasing an additional 60 shares during the period. Hanseatic Management Services Inc. boosted its stake in Motorola Solutions by 1.3% during the second quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock valued at $1,007,000 after buying an additional 79 shares in the last quarter. Keybank National Association OH boosted its stake in Motorola Solutions by 3.8% during the second quarter. Keybank National Association OH now owns 2,440 shares of the communications equipment provider’s stock valued at $407,000 after buying an additional 89 shares in the last quarter. Greenleaf Trust boosted its stake in Motorola Solutions by 3.7% during the second quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock valued at $454,000 after buying an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Motorola Solutions by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the communications equipment provider’s stock valued at $1,222,000 after buying an additional 100 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on MSI shares. Argus increased their target price on Motorola Solutions from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays started coverage on Motorola Solutions in a research report on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 target price on the stock. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price on the stock. in a research report on Wednesday, July 3rd. Raymond James increased their target price on Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $158.00.

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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Insider Buying and Selling by Quarter for Motorola Solutions (NYSE:MSI)

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