Summit Global Investments Sells 6,523 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Summit Global Investments reduced its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 38.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,542 shares of the communications equipment provider’s stock after selling 6,523 shares during the quarter. Summit Global Investments’ holdings in Motorola Solutions were worth $4,070,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MSI. Crewe Advisors LLC bought a new position in shares of Motorola Solutions in the first quarter worth about $28,000. Private Wealth Management Group LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $29,000. Rise Advisors LLC acquired a new position in Motorola Solutions during the 1st quarter worth $29,000. Triad Wealth Partners LLC bought a new position in Motorola Solutions in the 2nd quarter valued at $29,000. Finally, Northwest Capital Management Inc boosted its position in Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 40 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Kenneth D. Denman sold 690 shares of the firm’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 sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Kenneth D. Denman sold 690 shares of the stock in a transaction 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 completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction on 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 sale, the senior vice president now directly owns 8,939 shares in the company, valued at $3,341,487.59. 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 Trading Up 0.9 %

Shares of MSI stock traded up $3.94 on Tuesday, reaching $426.38. The company had a trading volume of 407,284 shares, compared to its average volume of 664,592. The stock has a market cap of $71.12 billion, a PE ratio of 52.70, a PEG ratio of 3.48 and a beta of 0.94. The company has a 50-day moving average of $395.32 and a 200-day moving average of $363.77. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $426.87.

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

Wall Street Analyst Weigh In

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

Motorola Solutions Company 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.