Motorola Solutions Inc. (MSI) Downgraded to Hold at Zacks Investment Research
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.”
Several other research analysts also recently issued reports on the stock. Citigroup Inc. started coverage on shares of Motorola Solutions in a report on Monday, June 20th. They set a neutral rating and a $73.00 price objective on the stock. Deutsche Bank AG set a $68.00 price objective on shares of Motorola Solutions and gave the stock a hold rating in a report on Friday, August 5th. Jefferies Group restated a hold rating on shares of Motorola Solutions in a report on Friday, September 2nd. Credit Suisse Group AG restated a buy rating and set a $80.00 price objective on shares of Motorola Solutions in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. restated a hold rating and set a $72.00 price objective on shares of Motorola Solutions in a report on Friday, August 5th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $73.13.
Motorola Solutions (NYSE:MSI) traded down 0.03% during midday trading on Wednesday, hitting $74.33. The stock had a trading volume of 207,147 shares. The company has a market cap of $12.39 billion, a PE ratio of 26.22 and a beta of 0.48. Motorola Solutions has a 52 week low of $59.13 and a 52 week high of $78.99. The stock’s 50 day moving average price is $76.46 and its 200-day moving average price is $72.24.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities research analysts predict that Motorola Solutions will post $4.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.21%. Motorola Solutions’s payout ratio is 57.54%.
In other news, EVP John P. Molloy sold 11,199 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $74.14, for a total transaction of $830,293.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark S. Hacker sold 4,620 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $76.94, for a total transaction of $355,462.80. Following the transaction, the executive vice president now owns 15,741 shares in the company, valued at $1,211,112.54. The disclosure for this sale can be found here. Insiders own 2.55% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd bought a new position in shares of Motorola Solutions during the first quarter worth about $775,375,000. Vanguard Group Inc. raised its position in shares of Motorola Solutions by 26.3% in the second quarter. Vanguard Group Inc. now owns 12,381,540 shares of the company’s stock valued at $816,811,000 after buying an additional 2,580,735 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Motorola Solutions by 71.3% in the first quarter. Wellington Management Group LLP now owns 6,059,781 shares of the company’s stock valued at $458,726,000 after buying an additional 2,521,249 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Motorola Solutions by 65.7% in the second quarter. Neuberger Berman Group LLC now owns 6,043,691 shares of the company’s stock valued at $398,702,000 after buying an additional 2,395,292 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at $104,021,000. Institutional investors own 85.38% of the company’s stock.
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. 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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