The stock of Motorola Solutions Inc (NYSE:MSI) hit a new 52-week high and has $125.14 target or 56.00% above today’s $80.22 share price. The 7 months bullish chart indicates low risk for the $13.38 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $125.14 price target is reached, the company will be worth $7.49B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.34 million shares traded hands or 32.67% up from the average. Motorola Solutions Inc (NYSE:MSI) has risen 5.76% since April 11, 2016 and is uptrending. It has underperformed by 0.39% the S&P500.
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. Deutsche Bank maintained the shares of MSI in a report on Thursday, August 6 with “Hold” rating. The rating was reinitiated by JP Morgan on Tuesday, October 6 with “Neutral”. Goldman Sachs initiated the shares of MSI in a report on Thursday, June 30 with “Buy” rating. The rating was upgraded by Macquarie Research on Wednesday, February 24 to “Neutral”. Northcoast downgraded the stock to “Neutral” rating in Wednesday, May 4 report. The firm has “Underperform” rating given on Friday, September 11 by Wells Fargo. Argus Research maintained Motorola Solutions Inc (NYSE:MSI) rating on Thursday, February 25. Argus Research has “Buy” rating and $84 price target. The firm has “Underperform” rating given on Thursday, October 22 by Macquarie Research. The firm has “Hold” rating by Jefferies given on Monday, December 7. The rating was upgraded by BMO Capital Markets on Wednesday, October 12 to “Outperform”.
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 Q2 2016. 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.
Whittier Tru Communication last reported 332 shares in the company. Winton Cap Grp Incorporated, a United Kingdom-based fund reported 301,579 shares. Cranbrook Wealth Mngmt Llc has 135 shares for 0% of their US portfolio. Utd Capital Finance Advisers Lc has 0.01% invested in the company for 13,912 shares. Omega Advsr holds 1.26 million shares or 2.36% of its portfolio. Susquehanna Intll Grp Inc Llp last reported 0% of its portfolio in the stock. United Serv Automobile Association holds 0.03% of its portfolio in Motorola Solutions Inc (NYSE:MSI) for 107,437 shares. Arizona State Retirement Systems holds 0.07% or 76,224 shares in its portfolio. State Of Tennessee Treasury Department holds 0.03% of its portfolio in Motorola Solutions Inc (NYSE:MSI) for 91,753 shares. Manufacturers Life Insur The last reported 0.02% of its portfolio in the stock. Rhumbline Advisers owns 261,802 shares or 0.05% of their US portfolio. Moreover, Art Advisors Limited Liability Company has 0.05% invested in Motorola Solutions Inc (NYSE:MSI) for 15,960 shares. Korea Investment Corporation has 0.01% invested in the company for 23,600 shares. Piershale Fin Group Inc accumulated 0.01% or 203 shares. Cambridge Investment Research Advsr, a Iowa-based fund reported 11,564 shares.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 8 insider sales for $12.94 million net activity. BROWN GREGORY Q also sold $9.02 million worth of Motorola Solutions Inc (NYSE:MSI) on Friday, August 26. Wozniak John K had sold 6,000 shares worth $438,008 on Friday, August 5. On Tuesday, September 6 BRDA BRUCE W sold $812,377 worth of the stock or 10,416 shares. The insider HACKER MARK S. sold $355,441. 14,428 Motorola Solutions Inc (NYSE:MSI) shares with value of $1.11 million were sold by BONANOTTE GINO A. CONRADO EDUARDO F had sold 976 shares worth $68,401. MOLLOY JOHN P sold 11,199 shares worth $830,297.
More news for Motorola Solutions Inc (NYSE:MSI) were recently published by: Forbes.com, which released: “Motorola Solutions Becomes Oversold (MSI)” on November 03, 2016. Wsj.com‘s article titled: “Motorola Solutions Results Beat Projections” and published on November 03, 2016 is yet another important article.
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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