Motorola Solutions, Inc. Shares (NYSE:MSI) bought by Michigan State Retirement System

State of Michigan Retirement System increased its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,708 shares of the communications equipment provider’s stock after purchasing an additional 200 shares during the quarter. State of Michigan Retirement System’s holdings in Motorola Solutions were worth $17,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions in the second quarter valued at approximately $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares. of shares in the last quarter. LRI Investments LLC raised its position in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter worth about $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.17% of the company’s shares.

Motorola Solutions stock performance

Shares of MSI stock opened at $430.23 on Tuesday. The stock has a market cap of $71.76 billion, a P/E ratio of 53.18, a P/E/G ratio of 3.48 and a beta of 0.94. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01, and a current ratio of 1.19. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $433.28. The company’s fifty day moving average is $399.25 and its two hundred day moving average is $366.62.

Motorola Solutions (NYSE:MSI – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. In the same period last year, the company earned $2.41 per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.09 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

A number of research firms have commented on MSI. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America boosted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Barclays upped their target price on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a buy rating. The stock presently has a consensus rating of “Buy” and an average price target of $437.40, based on data from MarketBeat.

Check out the latest stock report on Motorola Solutions

Insider buying and selling

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares in the company, valued at $19,079,557.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 29,949 shares of company stock worth $12,002,807 over the last quarter. Company insiders own 1.50% of the company’s shares.

Motorola Solutions Company Profile

(Free Report)

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, United Kingdom, Canada and internationally. The company operates in two segments, Products and Systems Integration and Software and Services. The Products and Systems Integration segment provides a portfolio of infrastructure, devices, accessories and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software and applications for government, public safety and commercial customers operating networks of private communications and video security solutions, and manage a mobile workforce.

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