Motorola Solutions, Inc. (NYSE:MSI) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,908 shares of the communications equipment provider’s stock after acquiring an additional 120 shares during the period. Wedmont Private Capital’s holdings in Motorola Solutions were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its stake in shares of Motorola Solutions by 11.3% during the second quarter. Sequoia Financial Advisors LLC now owns 3,967 shares of the communications equipment provider’s stock worth $1,531,000 after buying an additional 403 shares during the period. Alpha Cubed Investments LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth about $342,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Motorola Solutions by 1.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,124 shares of the communications equipment provider’s stock worth $1,592,000 after buying an additional 61 shares during the period. Andrew Hill Investment Advisors Inc. boosted its stake in shares of Motorola Solutions by 159.5% during the second quarter. Andrew Hill Investment Advisors Inc. now owns 7,763 shares of the communications equipment provider’s stock worth $2,997,000 after buying an additional 4,772 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of Motorola Solutions by 2,089.6% during the second quarter. Artemis Investment Management LLP now owns 47,361 shares of the communications equipment provider’s stock worth $18,284,000 after buying an additional 45,198 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE:MSI traded up $0.92 during mid-day trading on Tuesday, reaching $413.68. The stock had a trading volume of 428,021 shares, compared to its average volume of 664,756. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market capitalization of $69.00 billion, a price-to-earnings ratio of 51.22, a PEG ratio of 3.48 and a beta of 0.94. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $417.43. The business has a 50 day simple moving average of $389.51 and a 200 day simple moving average of $359.76.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $2.41 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post 12.09 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred 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 approximately $3,341,487.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Kenneth D. Denman sold 690 shares of Motorola Solutions stock in a transaction that occurred on 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 approximately $3,037,488.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. In the last three months, insiders sold 29,949 shares of company stock worth $12,002,807. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

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

About Motorola Solutions

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.