Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,854 shares of the communications equipment provider’s stock after selling 30,251 shares during the quarter. CIBC Asset Management Inc’s holdings in Motorola Solutions were worth $49,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Motorola Solutions by 59,189.5% during the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Motorola Solutions by 4,447.9% in the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after buying an additional 572,040 shares during the period. Assenagon Asset Management S.A. boosted its stake in Motorola Solutions by 477.9% during the third quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider’s stock valued at $140,131,000 after buying an additional 257,727 shares in the last quarter. State Street Corp grew its holdings in Motorola Solutions by 2.7% during the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock worth $3,358,848,000 after acquiring an additional 198,183 shares during the period. Finally, Barclays PLC boosted its holdings in Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock worth $325,455,000 after buying an additional 165,353 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 6.2 %

Motorola Solutions stock opened at $437.35 on Monday. The business has a 50 day moving average price of $467.34 and a two-hundred day moving average price of $459.41. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $318.20 and a 12 month high of $507.82. The stock has a market cap of $73.09 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSI. StockNews.com downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley increased their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays dropped their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions 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.