Motorola Solutions, Inc. (MSI) Receives Average Rating of “Hold” from Analysts
Shares of Motorola Solutions, Inc. (NYSE:MSI) have been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $75.00.
Several brokerages have issued reports on MSI. Credit Suisse Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Motorola Solutions in a research report on Friday, November 4th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “sell” rating in a research report on Wednesday, January 4th. Finally, BMO Capital Markets upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $72.00 to $84.00 in a research report on Wednesday, October 12th.
Shares of Motorola Solutions (NYSE:MSI) traded up 0.21% during midday trading on Friday, reaching $82.35. The company had a trading volume of 270,824 shares. The company’s 50-day moving average is $82.55 and its 200-day moving average is $75.80. The firm has a market cap of $13.67 billion, a P/E ratio of 24.30 and a beta of 0.44. Motorola Solutions has a 52-week low of $59.13 and a 52-week high of $87.55.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The firm earned $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that Motorola Solutions will post $4.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.29%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, December 13th. Motorola Solutions’s payout ratio is presently 55.13%.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 95,235 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $82.40, for a total value of $7,847,364.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.55% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Motorola Solutions by 5.6% in the third quarter. BlackRock Fund Advisors now owns 4,306,201 shares of the company’s stock worth $328,477,000 after buying an additional 226,519 shares during the last quarter. National Pension Service raised its stake in shares of Motorola Solutions by 9.4% in the third quarter. National Pension Service now owns 132,385 shares of the company’s stock worth $10,098,000 after buying an additional 11,409 shares during the period. American Century Companies Inc. raised its stake in shares of Motorola Solutions by 84.2% in the second quarter. American Century Companies Inc. now owns 52,951 shares of the company’s stock worth $3,493,000 after buying an additional 24,209 shares during the period. Vanguard Group Inc. raised its stake 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 worth $816,811,000 after buying an additional 2,580,735 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Motorola Solutions by 3.6% in the third quarter. Nisa Investment Advisors LLC now owns 93,207 shares of the company’s stock worth $7,110,000 after buying an additional 3,280 shares during the period. 83.97% of the stock is owned by hedge funds and other institutional investors.
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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