1,742 Shares in Motorola Solutions Inc (NYSE:MSI) Bought by Employers Holdings Inc.

Employers Holdings Inc. acquired a new position in shares of Motorola Solutions Inc (NYSE:MSI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,742 shares of the communications equipment provider’s stock, valued at approximately $290,000.

Other institutional investors also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its holdings in 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 worth $378,000 after acquiring an additional 60 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings 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 worth $1,007,000 after acquiring an additional 79 shares in the last quarter. Keybank National Association OH lifted its holdings 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 worth $407,000 after acquiring an additional 89 shares in the last quarter. Greenleaf Trust lifted its holdings in Motorola Solutions by 3.7% during the second quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock worth $454,000 after acquiring an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings 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 worth $1,222,000 after acquiring an additional 100 shares in the last quarter. 85.18% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Gregory Q. Brown sold 79,164 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $175.41, for a total transaction of $13,886,157.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $257,617.64. The disclosure for this sale can be found here. Insiders have sold 704,292 shares of company stock worth $120,725,479 in the last quarter. 2.99% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on MSI. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Barclays started coverage on Motorola Solutions in a report on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price target on the stock. Citigroup boosted their price target on Motorola Solutions from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Argus boosted their price target on Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, MKM Partners boosted their price target on Motorola Solutions to $170.00 in a report on Friday, August 2nd. 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $158.00.

Shares of Motorola Solutions stock traded up $1.26 during trading on Friday, reaching $173.32. The stock had a trading volume of 921,500 shares, compared to its average volume of 932,713. The company has a market capitalization of $28.31 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 3.04 and a beta of 0.56. The stock has a fifty day moving average price of $170.73 and a two-hundred day moving average price of $151.37. Motorola Solutions Inc has a 52 week low of $108.25 and a 52 week high of $179.14.

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. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate 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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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

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