19,226 Shares in Motorola Solutions, Inc. $MSI Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,226 shares of the communications equipment provider’s stock, valued at approximately $8,792,000.

A number of other institutional investors have also made changes to their positions in the company. Synovus Financial Corp grew its holdings in Motorola Solutions by 3.8% during the 3rd quarter. Synovus Financial Corp now owns 5,775 shares of the communications equipment provider’s stock valued at $2,641,000 after purchasing an additional 214 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Motorola Solutions by 8.8% in the 3rd quarter. NewEdge Wealth LLC now owns 11,511 shares of the communications equipment provider’s stock worth $5,264,000 after buying an additional 928 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Motorola Solutions in the 3rd quarter valued at about $63,000. CenterBook Partners LP grew its stake in shares of Motorola Solutions by 52.0% during the third quarter. CenterBook Partners LP now owns 7,628 shares of the communications equipment provider’s stock valued at $3,488,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Syon Capital LLC lifted its stake in shares of Motorola Solutions by 18.5% in the third quarter. Syon Capital LLC now owns 2,889 shares of the communications equipment provider’s stock worth $1,321,000 after acquiring an additional 451 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MSI. Weiss Ratings lowered Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. Barclays increased their target price on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Monday, December 1st. Argus upgraded shares of Motorola Solutions to a “strong-buy” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $497.14.

Motorola Solutions Trading Down 1.4%

Motorola Solutions stock opened at $451.28 on Thursday. The firm’s 50-day moving average is $397.20 and its 200-day moving average is $421.66. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $492.22. The company has a market cap of $74.76 billion, a P/E ratio of 35.37, a PEG ratio of 3.43 and a beta of 1.00.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the firm earned $4.04 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.