Great Lakes Advisors LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 210,460 shares of the communications equipment provider’s stock, valued at approximately $87,403,000.
Several other institutional investors have also recently added to or reduced their stakes in MSI. Whipplewood Advisors LLC raised its holdings in Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $27,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Motorola Solutions by 540.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter valued at $31,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Motorola Solutions during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Motorola Solutions Trading Up 2.7%
Shares of Motorola Solutions stock opened at $469.53 on Wednesday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. The company has a market capitalization of $77.70 billion, a P/E ratio of 36.97, a PEG ratio of 2.79 and a beta of 0.87. Motorola Solutions, Inc. has a 1 year low of $359.36 and a 1 year high of $493.57. The company’s fifty day moving average is $424.54 and its two-hundred day moving average is $431.82.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler lifted their target price on Motorola Solutions from $503.00 to $530.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group boosted their target price on Motorola Solutions from $510.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, Zacks Research raised Motorola Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, Motorola Solutions has an average rating of “Buy” and an average price target of $516.67.
Get Our Latest Research Report on Motorola Solutions
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.
See Also
- Five stocks we like better than Motorola Solutions
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
