Comerica Bank Sells 1,903 Shares of Motorola Solutions Inc (MSI)

Comerica Bank lessened its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,284 shares of the communications equipment provider’s stock after selling 1,903 shares during the quarter. Comerica Bank’s holdings in Motorola Solutions were worth $4,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. First Manhattan Co. raised its position in Motorola Solutions by 2.2% during the fourth quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock valued at $2,338,000 after acquiring an additional 564 shares in the last quarter. Cibc Bank USA raised its position in Motorola Solutions by 9.1% during the fourth quarter. Cibc Bank USA now owns 7,612 shares of the communications equipment provider’s stock valued at $688,000 after acquiring an additional 637 shares in the last quarter. Global X MANAGEMENT CO LLC raised its position in Motorola Solutions by 10.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,209 shares of the communications equipment provider’s stock valued at $782,000 after acquiring an additional 892 shares in the last quarter. AMP Capital Investors Ltd raised its position in Motorola Solutions by 2.0% during the third quarter. AMP Capital Investors Ltd now owns 45,287 shares of the communications equipment provider’s stock valued at $3,842,000 after acquiring an additional 900 shares in the last quarter. Finally, Kwmg LLC raised its position in Motorola Solutions by 5.0% during the third quarter. Kwmg LLC now owns 21,130 shares of the communications equipment provider’s stock valued at $1,793,000 after acquiring an additional 1,012 shares in the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on MSI. BMO Capital Markets raised their price objective on shares of Motorola Solutions from $102.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. began coverage on shares of Motorola Solutions in a research report on Friday, February 9th. They set a “neutral” rating and a $115.00 price objective on the stock. Citigroup raised their price objective on shares of Motorola Solutions from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, February 5th. MKM Partners raised their price objective on shares of Motorola Solutions to $116.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $103.27.

Motorola Solutions Inc (NYSE:MSI) opened at $105.02 on Thursday. Motorola Solutions Inc has a twelve month low of $78.23 and a twelve month high of $107.78. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. The company has a market capitalization of $16,410.58, a P/E ratio of -97.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts forecast that Motorola Solutions Inc will post 6.31 EPS for the current year.

In other news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $92.57, for a total value of $9,257,000.00. Following the sale, the chief executive officer now owns 99,015 shares in the company, valued at $9,165,818.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,248,297 shares of company stock worth $42,598,147. Corporate insiders own 2.50% of the company’s stock.

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About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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

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