Motorola Solutions Inc. (MSI) Downgraded by Zacks Investment Research to “Hold”
Motorola Solutions Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Motorola has gained significantly from the inclusion of Airwave Solutions results. We expect the company to rake in higher gains from the acquisition in the days ahead. We are also positive on the strenghtening of the company's product portfolio, investments in public safety LTE portfolio and the plan to acquire Spillman Technologies which provides law enforcement and public safety software solutions. The company expects revenues to grow in the band of 5% to 7% this year. It recently opened the new Motorola Solutions global headquarters in Chicago. Although adverse foreign currency movements remain a concern, we are positive on the company’s expense management efforts and shareholder return policy.”
MSI has been the subject of several other research reports. Jefferies Group reaffirmed a “hold” rating on shares of Motorola Solutions in a research report on Friday, September 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $72.00 price target on shares of Motorola Solutions in a research report on Thursday, August 18th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $80.00 price target on shares of Motorola Solutions in a research report on Friday, August 5th. Goldman Sachs Group Inc. raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Thursday, June 30th. Finally, Deutsche Bank AG set a $68.00 price target on shares of Motorola Solutions and gave the stock a “hold” rating in a research report on Friday, August 5th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $73.13.
Shares of Motorola Solutions (NYSE:MSI) traded down 0.11% during trading on Wednesday, hitting $74.34. 407,518 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $76.49 and a 200-day moving average price of $72.23. Motorola Solutions has a one year low of $59.13 and a one year high of $78.99. The stock has a market cap of $12.39 billion, a P/E ratio of 26.22 and a beta of 0.48.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.17. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions will post $4.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 57.54%.
In other Motorola Solutions news, EVP Bruce W. Brda sold 10,416 shares of Motorola Solutions stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total transaction of $812,343.84. Following the completion of the sale, the executive vice president now directly owns 25,703 shares in the company, valued at $2,004,576.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Gregory Q. Brown sold 117,000 shares of Motorola Solutions stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $77.11, for a total transaction of $9,021,870.00. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new stake in shares of Motorola Solutions during the first quarter worth $100,000. Partners Capital Investment Group LLC raised its position in Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock valued at $133,000 after buying an additional 217 shares during the last quarter. Global X Management Co. LLC raised its position in Motorola Solutions by 141.2% in the second quarter. Global X Management Co. LLC now owns 2,089 shares of the company’s stock valued at $138,000 after buying an additional 1,223 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Motorola Solutions by 28.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,166 shares of the company’s stock valued at $143,000 after buying an additional 479 shares during the last quarter. Finally, Evercore Wealth Management LLC raised its position in Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock valued at $147,000 after buying an additional 770 shares during the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
Motorola Solutions Company Profile
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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