Alpha Cubed Investments LLC Invests $342,000 in Motorola Solutions, Inc. (NYSE:MSI)

Alpha Cubed Investments LLC purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 886 shares of the communications equipment provider’s stock, valued at approximately $342,000.

Several other hedge funds have also bought and sold shares of MSI. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions during the first quarter valued at approximately $28,000. Private Wealth Management Group LLC purchased a new position in Motorola Solutions during the 4th quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of Motorola Solutions in the 1st quarter worth $29,000. Northwest Capital Management Inc raised its holdings in shares of Motorola Solutions by 71.4% in the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 40 shares during the last quarter. Finally, Motco lifted its position in shares of Motorola Solutions by 137.5% during the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

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

Motorola Solutions Stock Performance

Shares of MSI traded up $3.51 during mid-day trading on Tuesday, hitting $416.27. The stock had a trading volume of 112,826 shares, compared to its average volume of 662,809. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The firm has a market cap of $69.43 billion, a P/E ratio of 51.02, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $417.16. The business has a fifty day moving average price of $389.51 and a 200-day moving average price of $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, beating 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 analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. Motorola Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Motorola Solutions, Inc. will post 12.09 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred 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 directly owns 8,141 shares in the company, valued at $3,037,488.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the firm’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 sale, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,949 shares of company stock worth $12,002,807. Corporate insiders own 1.50% of the company’s stock.

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.