M&G Plc Sells 44,036 Shares of Motorola Solutions, Inc. (NYSE:MSI)

M&G Plc cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 22.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,882 shares of the communications equipment provider’s stock after selling 44,036 shares during the period. M&G Plc owned about 0.09% of Motorola Solutions worth $57,082,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MSI. WASHINGTON TRUST Co boosted its position in Motorola Solutions by 17.4% in the 2nd quarter. WASHINGTON TRUST Co now owns 216 shares of the communications equipment provider’s stock valued at $83,000 after buying an additional 32 shares during the last quarter. Wedmont Private Capital boosted its position in Motorola Solutions by 4.3% in the 2nd quarter. Wedmont Private Capital now owns 2,908 shares of the communications equipment provider’s stock valued at $1,135,000 after buying an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Motorola Solutions by 11.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,967 shares of the communications equipment provider’s stock valued at $1,531,000 after buying an additional 403 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in Motorola Solutions in the 2nd quarter valued at $342,000. Finally, Dynamic Advisor Solutions LLC boosted its position in Motorola Solutions by 1.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,124 shares of the communications equipment provider’s stock valued at $1,592,000 after buying an additional 61 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 0.2 %

Motorola Solutions stock traded down $0.76 during mid-day trading on Tuesday, hitting $412.00. 781,311 shares of the company’s stock were exchanged, compared to its average volume of 667,131. The firm has a market capitalization of $68.72 billion, a P/E ratio of 51.22, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $417.43. 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’s 50 day simple moving average is $389.51 and its 200-day simple moving average is $359.76.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the sale, the director now owns 8,141 shares of the company’s stock, valued at approximately $3,037,488.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions 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 approximately $3,341,487.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction dated Friday, June 7th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 29,949 shares of company stock valued at $12,002,807. 1.50% of the stock is owned by company insiders.

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.