Endurance Wealth Management Inc. Continues to Hold Position in Motorola Solutions, Inc. (MSI)

Endurance Wealth Management Inc. held its position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509 shares of the communications equipment provider’s stock at the end of the second quarter. Endurance Wealth Management Inc.’s holdings in Motorola Solutions were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its position in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock worth $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock worth $51,036,000 after buying an additional 400,519 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock valued at $47,320,000 after buying an additional 309,341 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Shares of Motorola Solutions, Inc. (NYSE MSI) traded up 0.28% on Friday, reaching $87.37. 1,185,294 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $88.91 and its 200-day moving average price is $84.75. Motorola Solutions, Inc. has a 52-week low of $71.24 and a 52-week high of $93.75. The stock has a market cap of $14.21 billion, a P/E ratio of 23.04 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $1.03 EPS. Motorola Solutions’s revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Motorola Solutions, Inc. will post $5.29 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Endurance Wealth Management Inc. Continues to Hold Position in Motorola Solutions, Inc. (MSI)” was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/motorola-solutions-inc-msi-stake-maintained-by-endurance-wealth-management-inc-updated.html.

Several equities research analysts have recently commented on the stock. Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Thursday, July 27th. BMO Capital Markets lifted their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Deutsche Bank AG lifted their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $94.33.

In other news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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

Receive News & Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply