Motorola Solutions, Inc. (MSI) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Motorola Solutions, Inc. (NYSE:MSI) from a hold rating to a buy rating in a research note published on Tuesday. The brokerage currently has $97.00 price objective on the communications equipment provider’s stock.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry on a year-to-date basis. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. Moreover, Motorola’s efforts to reward its investors raise optimism in the stock. However, high costs continue to limit bottom-line growth. The company's high debt levels also remain a concern.”
MSI has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a report on Friday, August 4th. BidaskClub raised shares of Motorola Solutions from a hold rating to a buy rating in a research report on Tuesday, June 27th. Cowen and Company reduced their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a market perform rating for the company in a research report on Friday, May 5th. Credit Suisse Group lifted their price objective on shares of Motorola Solutions from $90.00 to $95.00 and gave the stock an outperform rating in a research report on Monday, May 15th. Finally, ValuEngine cut shares of Motorola Solutions from a buy rating to a hold rating in a research report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $94.17.
Shares of Motorola Solutions (NYSE MSI) opened at 87.87 on Tuesday. The company has a market capitalization of $14.29 billion, a P/E ratio of 23.17 and a beta of 0.33. Motorola Solutions has a 12-month low of $71.24 and a 12-month high of $93.75. The company’s 50 day moving average is $88.82 and its 200 day moving average is $85.29.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. Analysts expect that Motorola Solutions will post $5.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.14%. Motorola Solutions’s payout ratio is presently 49.60%.
In other news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its stake in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock worth $775,030,000 after buying an additional 3,174,388 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Motorola Solutions by 249.4% in the second quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock worth $116,110,000 after buying an additional 955,463 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Motorola Solutions during the second quarter worth about $70,570,000. Renaissance Technologies LLC boosted its stake in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Motorola Solutions during the second quarter worth about $584,000. 87.68% of the stock is owned by institutional investors.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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