Motorola Solutions Inc. (NYSE:MSI) gapped up prior to trading on Thursday . The stock had previously closed at $74.17, but opened at $74.28. Motorola Solutions shares last traded at $75.41, with a volume of 846,748 shares.

Several brokerages have commented on MSI. Jefferies Group reiterated a “hold” rating on shares of Motorola Solutions in a research report on Sunday, May 8th. Northcoast Research cut shares of Motorola Solutions from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 4th. Credit Suisse Group AG reiterated a “buy” rating on shares of Motorola Solutions in a research report on Monday, May 2nd. Citigroup Inc. began coverage on shares of Motorola Solutions in a research report on Monday, June 20th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $72.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.30.

The stock has a market capitalization of $12.43 billion and a price-to-earnings ratio of 26.29. The company’s 50 day moving average is $68.39 and its 200 day moving average is $69.99.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.17. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Motorola Solutions’s revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Monday, June 13th.

In other Motorola Solutions news, EVP John P. Molloy sold 11,199 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $74.14, for a total transaction of $830,293.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 976 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $70.08, for a total value of $68,398.08. Following the transaction, the executive vice president now owns 22,750 shares in the company, valued at approximately $1,594,320. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of the company. KBC Group NV boosted its position in shares of Motorola Solutions by 20.8% in the fourth quarter. KBC Group NV now owns 192,930 shares of the company’s stock worth $13,206,000 after buying an additional 33,268 shares during the period. Advantus Capital Management Inc boosted its position in shares of Motorola Solutions by 3.2% in the fourth quarter. Advantus Capital Management Inc now owns 15,471 shares of the company’s stock worth $1,059,000 after buying an additional 482 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of Motorola Solutions by 10.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 42,062 shares of the company’s stock worth $2,965,000 after buying an additional 4,047 shares during the period. Russell Frank Co boosted its position in shares of Motorola Solutions by 6.5% in the fourth quarter. Russell Frank Co now owns 34,656 shares of the company’s stock worth $2,402,000 after buying an additional 2,116 shares during the period. Finally, Poplar Forest Capital LLC boosted its position in shares of Motorola Solutions by 2.6% in the fourth quarter. Poplar Forest Capital LLC now owns 27,550 shares of the company’s stock worth $1,886,000 after buying an additional 700 shares during the period.

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

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