Janus Henderson Group PLC lowered its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 15.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,180,660 shares of the communications equipment provider’s stock after selling 221,261 shares during the period. Janus Henderson Group PLC owned about 0.72% of Motorola Solutions worth $196,849,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MSI. Advisor Group Inc. lifted its position in Motorola Solutions by 20.2% during the 2nd quarter. Advisor Group Inc. now owns 28,367 shares of the communications equipment provider’s stock worth $4,732,000 after acquiring an additional 4,769 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Motorola Solutions by 2.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock worth $378,000 after acquiring an additional 60 shares during the last quarter. Aperio Group LLC lifted its position in Motorola Solutions by 0.7% during the 2nd quarter. Aperio Group LLC now owns 189,936 shares of the communications equipment provider’s stock worth $31,668,000 after acquiring an additional 1,242 shares during the last quarter. AGF Investments LLC lifted its position in Motorola Solutions by 22.2% during the 2nd quarter. AGF Investments LLC now owns 2,058 shares of the communications equipment provider’s stock worth $343,000 after acquiring an additional 374 shares during the last quarter. Finally, St. Louis Trust Co acquired a new position in Motorola Solutions during the 2nd quarter worth $206,000. 85.18% of the stock is owned by institutional investors.
A number of research firms have weighed in on MSI. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research report on Wednesday, July 3rd. Northcoast Research downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective on the stock. in a report on Wednesday, July 17th. MKM Partners boosted their price objective on shares of Motorola Solutions to $170.00 in a report on Friday, August 2nd. Citigroup boosted their price objective on shares of Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Raymond James boosted their price objective on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and a consensus price target of $158.00.
In related news, SVP Rajan Naik sold 1,708 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total value of $257,617.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 79,164 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $175.41, for a total transaction of $13,886,157.24. The disclosure for this sale can be found here. In the last three months, insiders sold 704,292 shares of company stock worth $120,725,479. 2.99% of the stock is currently owned by insiders.
Shares of NYSE:MSI traded down $1.91 on Wednesday, hitting $174.14. 9,786 shares of the company were exchanged, compared to its average volume of 993,350. The firm’s 50 day moving average price is $170.20. Motorola Solutions Inc has a one year low of $108.25 and a one year high of $179.14. The stock has a market capitalization of $29.19 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.14 and a beta of 0.56.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.17. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Equities analysts forecast that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.
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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