Zacks Investment Research Lowers Motorola Solutions, Inc. (MSI) to Sell
Zacks Investment Research downgraded shares of Motorola Solutions, Inc. (NYSE:MSI) from a buy rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “Motorola Solutions, whose shares have outperformed its industry over the last one year, has made multiple acquisitions of late to expand its product portfolio. Though positive on this growth by acquisition strategy, we note that costs associated with the mergers might hurt the bottom-line. Apart from high costs, adverse foreign currency movements too might hurt its second quarter results, scheduled for Aug 3. The negative sentiment surrounding the stock ahead of its second quarter release can be gauged from the fact that the Zacks Consensus Estimate for earnings has declined 4.8% over the last three months to $0.99 per share. We are, however, impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks.”
Other analysts have also issued research reports about the stock. Gabelli upgraded shares of Motorola Solutions from a hold rating to a buy rating in a research note on Monday, May 8th. BidaskClub upgraded shares of Motorola Solutions from a hold rating to a buy rating in a research report on Tuesday, June 27th. BMO Capital Markets restated a buy rating on shares of Motorola Solutions in a research report on Friday, June 23rd. Northcoast Research upgraded shares of Motorola Solutions from a neutral rating to a buy rating and set a $100.00 price target on the stock in a research report on Tuesday, May 30th. Finally, Citigroup Inc. restated a buy rating and set a $102.00 price target (up previously from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Motorola Solutions currently has an average rating of Buy and an average price target of $91.46.
Shares of Motorola Solutions (MSI) traded down 0.03% on Tuesday, hitting $90.37. 2,085,513 shares of the stock traded hands. Motorola Solutions has a one year low of $68.56 and a one year high of $93.75. The stock has a 50 day moving average of $88.17 and a 200 day moving average of $84.24. The company has a market cap of $14.77 billion, a PE ratio of 24.98 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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 firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.10% and a negative return on equity of 102.32%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities analysts anticipate that Motorola Solutions will post $5.20 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is currently 51.93%.
Several institutional investors have recently bought and sold shares of MSI. Korea Investment CORP increased its position in Motorola Solutions by 313.8% in the first quarter. Korea Investment CORP now owns 122,376 shares of the communications equipment provider’s stock valued at $10,551,000 after buying an additional 92,799 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Motorola Solutions during the fourth quarter valued at $445,000. Acadian Asset Management LLC increased its position in Motorola Solutions by 668.2% in the first quarter. Acadian Asset Management LLC now owns 124,793 shares of the communications equipment provider’s stock valued at $10,759,000 after buying an additional 108,549 shares in the last quarter. First Foundation Advisors increased its position in Motorola Solutions by 56.2% in the first quarter. First Foundation Advisors now owns 14,192 shares of the communications equipment provider’s stock valued at $1,224,000 after buying an additional 5,107 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Motorola Solutions by 124.8% in the first quarter. State of Alaska Department of Revenue now owns 16,775 shares of the communications equipment provider’s stock valued at $1,445,000 after buying an additional 9,312 shares in the last quarter. 87.29% of the stock is currently owned by hedge funds and other 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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