Shares of Motorola Solutions Inc (NYSE:MSI) have traded up today after news that the company’s Moto 360 Sport smartwatch will be available to purchase on January 7, 2016 in the United States for just $299.
The latest smartwarch from Motorola builds upon the previously released Moto 360, in that it adds features such as better fitness tracking, unique GPS and a sweatproof design.
“Designed for sport. Built to last: Push yourself to the limit without worrying about your watch,” is the marketing statement on this latest gadget by Motorola.
The stock is up 0.65% or $0.47 after the positive news, hitting $72.25 per share. About 661,211 shares traded hands. MSI has risen 18.27% since April 28, 2015 and is uptrending. It has outperformed by 19.17% the S&P500.
Out of 5 analysts covering Motorola Solutions (NYSE:MSI), 1 rate it “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. $77 is the highest target while $60 is the lowest. The $67 average target is -7.27% below today’s ($72.25) stock price. Motorola Solutions was the topic in 5 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the stock on October 22 with “Underperform” rating. Wells Fargo downgraded the shares of MSI in a report on September 11 to “Underperform” rating.
The institutional sentiment increased to 0.73 in Q2 2015. Its up 0.15, from 0.58 in 2015Q1. The ratio improved, as 47 funds sold all Motorola Solutions Inc shares owned while 172 reduced positions. 38 funds bought stakes while 121 increased positions. They now own 177.68 million shares or 0.78% more from 176.31 million shares in 2015Q1.
Marlowe Partners Lp holds 21.42% of its portfolio in Motorola Solutions Inc for 520,200 shares. Orbis Investment Management (U.S.) Llc owns 211,239 shares or 9.77% of their US portfolio. Moreover, Orbis Holdings Ltd has 7.17% invested in the company for 16.45 million shares. The California-based Valueact Holdings L.P. has invested 5.31% in the stock. Central Securities Corp, a New York-based fund reported 370,000 shares.
Since September 25, 2015, the stock had 0 insider buys, and 3 insider sales for $2.32 million net activity. Schassler Robert C sold 22,891 shares worth $1.60 million. Hacker Mark S. sold 7,296 shares worth $501,572.
Motorola Solutions, Inc. provides communication infrastructure, devices, accessories, software and services. The company has a market cap of $12.80 billion. The Firm operates business in two divisions: Products and Services. It currently has negative earnings. The Products segment offers a portfolio of infrastructure, devices, accessories and software.