Motorola Solutions Inc (NYSE:MSI) Shares Bought by Scott & Selber Inc.

Scott & Selber Inc. grew its position in Motorola Solutions Inc (NYSE:MSI) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 17,493 shares of the communications equipment provider’s stock after buying an additional 267 shares during the period. Motorola Solutions makes up approximately 1.5% of Scott & Selber Inc.’s investment portfolio, making the stock its 24th largest position. Scott & Selber Inc.’s holdings in Motorola Solutions were worth $2,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Neuberger Berman Group LLC increased its holdings in shares of Motorola Solutions by 2.4% in the 1st quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock valued at $802,310,000 after acquiring an additional 134,923 shares during the last quarter. OppenheimerFunds Inc. grew its stake in Motorola Solutions by 1.2% during the 1st quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock worth $627,029,000 after buying an additional 52,720 shares during the last quarter. Geode Capital Management LLC grew its stake in Motorola Solutions by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock worth $282,258,000 after buying an additional 269,031 shares during the last quarter. FMR LLC grew its stake in Motorola Solutions by 39.3% during the 1st quarter. FMR LLC now owns 1,847,513 shares of the communications equipment provider’s stock worth $259,427,000 after buying an additional 521,509 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in Motorola Solutions by 1.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,761,413 shares of the communications equipment provider’s stock worth $247,338,000 after buying an additional 21,540 shares during the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.

A number of research analysts recently commented on MSI shares. Barclays started coverage on Motorola Solutions in a research note on Wednesday, August 7th. They set an “overweight” rating and a $195.00 price objective for the company. MKM Partners upped their price objective on Motorola Solutions to $170.00 in a research note on Friday, August 2nd. Northcoast Research downgraded Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective for the company. in a research note on Wednesday, July 17th. Citigroup upped their price objective on Motorola Solutions from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Raymond James raised their price target on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $158.00.



In other news, EVP John P. Molloy sold 165,852 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $162.06, for a total value of $26,877,975.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rajan Naik sold 1,708 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total transaction of $257,617.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 704,292 shares of company stock worth $120,725,479. Corporate insiders own 2.99% of the company’s stock.

Shares of NYSE MSI traded up $1.03 during midday trading on Tuesday, hitting $176.58. 410,335 shares of the company traded hands, compared to its average volume of 876,314. Motorola Solutions Inc has a 12-month low of $108.25 and a 12-month high of $179.14. The firm has a 50-day moving average of $169.95. The company has a market capitalization of $29.19 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 3.14 and a beta of 0.56.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.17. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share. As a group, analysts expect that Motorola Solutions Inc will post 7.35 EPS for the current year.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Further Reading: Quiet Period Expirations Explained

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

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