Hobbs Group Advisors LLC Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Hobbs Group Advisors LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 139 shares of the communications equipment provider’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Motorola Solutions in the fourth quarter worth approximately $646,341,000. Swedbank AB boosted its stake in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider’s stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $178,361,000. Alphinity Investment Management Pty Ltd raised its stake in Motorola Solutions by 36.5% during the first quarter. Alphinity Investment Management Pty Ltd now owns 1,478,757 shares of the communications equipment provider’s stock worth $524,929,000 after buying an additional 395,096 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Motorola Solutions by 1,477.3% in the first quarter. Janus Henderson Group PLC now owns 358,206 shares of the communications equipment provider’s stock valued at $127,149,000 after buying an additional 335,496 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.9 %

MSI stock traded up $3.94 during midday trading on Tuesday, reaching $426.38. 425,769 shares of the company’s stock traded hands, compared to its average volume of 664,592. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $426.87. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 3.48 and a beta of 0.94. The firm’s fifty day moving average price is $394.33 and its 200-day moving average price is $363.08. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last posted its earnings results 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. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 12.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Motorola Solutions

In other news, Director Kenneth D. Denman sold 690 shares of the 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 owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on Tuesday, August 6th. The stock was 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 in the company, valued at approximately $19,079,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares in the company, valued at $3,037,488.51. The disclosure for this sale can be found here. Insiders have sold a total of 29,949 shares of company stock valued at $12,002,807 over the last 90 days. Insiders own 1.50% of the company’s stock.

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.