Price Action Don’t Lie: Could Motorola Solutions Inc See a Reversal After This Very Strong Session?

Price Action Don't Lie: Could Motorola Solutions Inc See a Reversal After This Very Strong Session?

The stock of Motorola Solutions Inc (NYSE:MSI) is a huge mover today! About 1.62 million shares traded hands or 70.62% up from the average. Motorola Solutions Inc (NYSE:MSI) has declined 6.59% since April 4, 2016 and is downtrending. It has underperformed by 7.68% the S&P500.
The move comes after 5 months positive chart setup for the $12.57 billion company. It was reported on Nov, 4 by Barchart.com. We have $121.86 PT which if reached, will make NYSE:MSI worth $7.67 billion more.

Motorola Solutions Inc (NYSE:MSI) Ratings Coverage

Out of 12 analysts covering Motorola Solutions (NYSE:MSI), 5 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 42% are positive. Motorola Solutions has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, May 4 by Northcoast. The stock of Motorola Solutions Inc (NYSE:MSI) has “Hold” rating given on Thursday, August 6 by Deutsche Bank. Citigroup initiated Motorola Solutions Inc (NYSE:MSI) rating on Monday, June 20. Citigroup has “Neutral” rating and $73 price target. JP Morgan reinitiated it with “Neutral” rating and $69 target price in Tuesday, October 6 report. The rating was initiated by Goldman Sachs with “Buy” on Thursday, June 30. The stock has “Outperform” rating given by BMO Capital Markets on Wednesday, October 12. As per Thursday, February 25, the company rating was maintained by Argus Research. Gabelli downgraded Motorola Solutions Inc (NYSE:MSI) rating on Monday, December 7. Gabelli has “Hold” rating and $73 price target. The stock of Motorola Solutions Inc (NYSE:MSI) has “Hold” rating given on Friday, December 4 by Deutsche Bank. The firm has “Hold” rating given on Monday, December 7 by Jefferies.

According to Zacks Investment Research, “Motorola Solutions is engaged in providing communication equipments, software and services. It focuses on providing public safety communications ranging from infrastructure to applications and devices. The Company operates its business through two divisions: Government and Enterprise. The Enterprise segment is focused on mobile computing systems, advance data capture and wireless networks. The Government segment makes radio systems, radio devices and control centers for governments around the world. Products offered by the Company include devices, networks, systems, accessories, software and services.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.12, from 1.29 in 2016Q1. The ratio fall, as 39 funds sold all Motorola Solutions Inc shares owned while 148 reduced positions. 47 funds bought stakes while 172 increased positions. They now own 132.02 million shares or 7.13% less from 142.16 million shares in 2016Q1.
Ubs Asset Mngmt Americas owns 688,391 shares or 0.05% of their US portfolio. Bnp Paribas Arbitrage holds 38,346 shares or 0.01% of its portfolio. Duncker Streett last reported 6 shares in the company. Zacks Inv holds 0.03% of its portfolio in Motorola Solutions Inc (NYSE:MSI) for 14,709 shares. Moreover, American Century has 0% invested in Motorola Solutions Inc (NYSE:MSI) for 52,951 shares. Principal Fin Group Inc Inc last reported 0.23% of its portfolio in the stock. Washington Tru Comml Bank has 0% invested in the company for 75 shares. D E Shaw And has 0.09% invested in the company for 709,485 shares. Ngam Advsr Ltd Partnership owns 29,858 shares or 0.03% of their US portfolio. Cacti Asset Mgmt Limited Liability Com last reported 441,835 shares in the company. Wellington Mngmt Limited Liability Partnership reported 6.83 million shares or 0.12% of all its holdings. The New York-based Millennium has invested 0.02% in Motorola Solutions Inc (NYSE:MSI). Moreover, Thompson Davis & has 0.04% invested in Motorola Solutions Inc (NYSE:MSI) for 357 shares. Teachers Advisors holds 0.04% or 385,883 shares in its portfolio. Gateway Invest Advisers Llc owns 296,336 shares or 0.17% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 10 insider sales for $13.96 million net activity. The insider CONRADO EDUARDO F sold 1,619 shares worth $114,899. BONANOTTE GINO A also sold $1.11M worth of Motorola Solutions Inc (NYSE:MSI) on Friday, August 26. $9.02 million worth of Motorola Solutions Inc (NYSE:MSI) shares were sold by BROWN GREGORY Q. BRDA BRUCE W sold $908,753 worth of Motorola Solutions Inc (NYSE:MSI) on Tuesday, May 10. Wozniak John K sold $438,008 worth of stock or 6,000 shares. 4,620 Motorola Solutions Inc (NYSE:MSI) shares with value of $355,441 were sold by HACKER MARK S.. Another trade for 11,199 shares valued at $830,297 was made by MOLLOY JOHN P on Wednesday, August 10.

Another recent and important Motorola Solutions Inc (NYSE:MSI) news was published by Forbes.com which published an article titled: “Motorola Solutions Becomes Oversold (MSI)” on November 03, 2016.

MSI Company Profile

Motorola Solutions, Inc. (Motorola Solutions), incorporated on March 9, 1973, is a well-known provider of communication infrastructure, devices, accessories, software and services. The Firm operates through two divisions: Products and Services. The Firm addresses the communication needs of government agencies, state and local public safety and first-responder agencies, and commercial and industrial clients utilizing private communications networks and manages a mobile workforce. The Company’s serves global customer base spanning federal, state, county, province, territory, municipal, and departmental independent bodies, along with its commercial and industrial customers. It serves its clients with a global footprint of sales in approximately 100 countries.

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