Raymond James & Associates Raises Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Raymond James & Associates grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,319,631 shares of the communications equipment provider’s stock after purchasing an additional 82,044 shares during the quarter. Motorola Solutions comprises approximately 0.6% of Raymond James & Associates’ portfolio, making the stock its 29th largest holding. Raymond James & Associates’ holdings in Motorola Solutions were worth $895,494,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of Motorola Solutions in the first quarter valued at $28,000. Private Wealth Management Group LLC acquired a new stake in shares of Motorola Solutions during the fourth quarter worth about $29,000. Rise Advisors LLC purchased a new position in shares of Motorola Solutions in the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new position in Motorola Solutions in the 2nd quarter valued at $29,000. Finally, Northwest Capital Management Inc increased its stake in shares of Motorola Solutions by 71.4% during the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 40 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the sale, the director now directly owns 8,141 shares in the company, valued at approximately $3,037,488.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $373.11, for a total transaction of $257,445.90. Following the sale, the director now owns 8,141 shares in the company, valued at $3,037,488.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John P. Molloy sold 23,985 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the sale, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,949 shares of company stock valued at $12,002,807. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America increased their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays boosted their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $437.40.

Motorola Solutions Trading Down 0.1 %

Shares of NYSE MSI traded down $0.57 during trading on Friday, hitting $421.37. 438,176 shares of the company traded hands, compared to its average volume of 667,703. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $424.55. The firm has a market capitalization of $70.28 billion, a P/E ratio of 52.09, a P/E/G ratio of 3.48 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The company has a 50-day moving average price of $393.36 and a 200-day moving average price of $362.09.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.23. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. On average, equities analysts predict that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the 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 offers 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 who operate private communications networks and video security solutions, as well as manage a mobile workforce.