Analysts Set Motorola Solutions Inc. (MSI) Target Price at $75.77
Shares of Motorola Solutions Inc. (NYSE:MSI) have been given an average recommendation of “Hold” by the seventeen research firms that are presently covering the stock. Nine equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $75.77.
Several research analysts recently issued reports on MSI shares. Credit Suisse Group AG reissued a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a report on Friday, November 4th. BMO Capital Markets reissued a “market perform” rating and set a $72.00 target price on shares of Motorola Solutions in a report on Thursday, August 18th. JPMorgan Chase & Co. reissued a “hold” rating and set a $72.00 target price on shares of Motorola Solutions in a report on Friday, August 5th. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Motorola Solutions in a report on Friday, September 2nd.
Motorola Solutions (NYSE:MSI) opened at 79.19 on Tuesday. The company has a 50-day moving average of $74.75 and a 200 day moving average of $72.16. Motorola Solutions has a one year low of $59.13 and a one year high of $79.83. The company has a market cap of $13.14 billion, a P/E ratio of 23.37 and a beta of 0.40.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.17. The business earned $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Motorola Solutions had a net margin of 10.19% and a negative return on equity of 190.73%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. Analysts anticipate that Motorola Solutions will post $4.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a yield of 2.37%. Motorola Solutions’s payout ratio is presently 48.09%.
In related news, EVP Mark S. Hacker sold 4,620 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $76.94, for a total transaction of $355,462.80. Following the transaction, the executive vice president now directly owns 15,741 shares in the company, valued at $1,211,112.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $77.99, for a total transaction of $812,343.84. Following the transaction, the executive vice president now owns 25,703 shares in the company, valued at $2,004,576.97. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MSI. Seven Eight Capital LLC raised its position in Motorola Solutions by 167.9% in the first quarter. Seven Eight Capital LLC now owns 7,500 shares of the company’s stock worth $568,000 after buying an additional 4,700 shares during the last quarter. Arizona State Retirement System raised its position in Motorola Solutions by 0.9% in the first quarter. Arizona State Retirement System now owns 101,924 shares of the company’s stock worth $7,716,000 after buying an additional 900 shares during the last quarter. Babson Capital Management LLC raised its position in Motorola Solutions by 42.6% in the first quarter. Babson Capital Management LLC now owns 38,171 shares of the company’s stock worth $2,890,000 after buying an additional 11,400 shares during the last quarter. Natixis acquired a new position in Motorola Solutions during the first quarter worth $9,362,000. Finally, A.R.T. Advisors LLC acquired a new position in Motorola Solutions during the first quarter worth $8,558,000. Hedge funds and other institutional investors own 85.21% 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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