Motorola Solutions, Inc. (MSI) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Motorola Solutions, Inc. (NYSE:MSI) from a buy rating to a hold rating in a research note published on Wednesday.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry in a year. 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. However, though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. Moreover, currency related headwinds might hurt the stock going forward. The company's high debt levels also remain a concern.”
MSI has been the subject of a number of other research reports. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an outperform rating in a research note on Friday, August 4th. BidaskClub upgraded shares of Motorola Solutions from a hold rating to a buy rating in a research note on Tuesday, June 27th. Jefferies Group LLC restated a buy rating on shares of Motorola Solutions in a research note on Thursday, August 31st. ValuEngine cut shares of Motorola Solutions from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of Buy and an average target price of $94.08.
Shares of Motorola Solutions (NYSE:MSI) traded down 0.95% on Wednesday, reaching $84.69. 342,409 shares of the company traded hands. Motorola Solutions has a 52-week low of $71.24 and a 52-week high of $93.75. The stock has a 50 day moving average of $88.28 and a 200 day moving average of $85.68. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 22.33 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations 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 was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, analysts expect that Motorola Solutions will post $5.29 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. Motorola Solutions’s dividend payout ratio is currently 49.60%.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction 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 approximately $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sun Life Financial INC grew its stake in shares of Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after buying an additional 300 shares during the last quarter. Iat Reinsurance Co. LTD. purchased a new position in shares of Motorola Solutions in the 1st quarter worth about $123,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Motorola Solutions in the 1st quarter worth about $135,000. Finally, Exane Derivatives boosted its holdings in shares of Motorola Solutions by 163.6% in the 2nd quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 87.70% 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. 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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