Motorola Solutions Inc (NYSE: MSI) is 9.77% higher on its value in year-to-date trading and has touched a low of $255.85 and a high of $340.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MSI stock was last observed hovering at around $340.42 in the last trading session, with the day’s gains setting it 3.26%.
Currently trading at $343.68, the stock is 4.15% and 5.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.96% at the moment leaves the stock 14.60% off its SMA200. MSI registered 31.60% gain for a year compared to 6-month gain of 22.18%. The firm has a 50-day simple moving average (SMA 50) of $6.21 and a 200-day simple moving average (SMA200) of $22.52.
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The stock witnessed a 7.37% loss in the last 1 month and extending the period to 3 months gives it a 5.29%, and is 1.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 1.61% over the month.
Motorola Solutions Inc (MSI) has around 21000 employees, a market worth around $57.10B and $9.98B in sales. Current P/E ratio is 34.60 and Fwd P/E is 24.88. Profit margin for the company is 17.12%. Distance from 52-week low is 34.33% and 0.85% from its 52-week high. The company has generated returns on investments over the last 12 months (29.27%).
Motorola Solutions Inc quarterly earnings per share for the current quarter are estimated at $2.53 with sales reaching $2.35B over the same period.The EPS is expected to grow by 6.57% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 8.00% in year-over-year returns.
1,549 institutions hold shares in Motorola Solutions Inc (MSI), with institutional investors hold 86.57% of the company’s shares. The shares outstanding are 166.20M, and float is at 165.43M with Short Float at 0.74%. Institutions hold 86.21% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 20.46 million shares valued at $6.0 billion. The investor’s holdings represent 12.25% of the MSI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.67 million shares valued at $4.3 billion to account for 8.78% of the shares outstanding. The other top investors are Capital World Investors which holds 12.43 million shares representing 7.44% and valued at over $3.65 billion, while State Street Corporation holds 4.20% of the shares totaling 7.02 million with a market value of $2.06 billion.
Motorola Solutions Inc (MSI) Insider Activity
The most recent transaction is an insider sale by YAZDI CYNTHIA, the company’s SVP, Communications & Brand. SEC filings show that YAZDI CYNTHIA sold 4,744 shares of the company’s common stock on Mar 01 ’24 at a price of $334.30 per share for a total of $1.59 million. Following the sale, the insider now owns 8858.0 shares.
Motorola Solutions Inc disclosed in a document filed with the SEC on Feb 28 ’24 that YAZDI CYNTHIA (SVP, Communications & Brand) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $331.17 per share for $3.31 million. Following the transaction, the insider now directly holds 8858.0 shares of the MSI stock.
Still, SEC filings show that on Dec 14 ’23, MOLLOY JOHN P (EVP and COO) disposed off 31,602 shares at an average price of $316.27 for $9.99 million. The insider now directly holds 34,906 shares of Motorola Solutions Inc (MSI).
