Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Shares of Motorola Solutions have performed well for the last one year, outperforming its industry. Ushering in further good news, the company reported better-than-expected earnings per share and revenues in the second quarter of 2017. Both the metrics also improved on a year-over-year basis. Notably, results were aided by the strong performance of its land and mobile radio (LMR) operations. Also, the company raised its 2017 guidance for both revenues and earnings per share. In fact, Motorola’s efforts to reward its investors are also encouraging. However, we are concerned about the decline in adjusted operating margin by 80 basis points to 21.9% in the second quarter. Though positive on growth by acquisition strategy, costs associated with the mergers are limiting bottom-line growth. Furthermore, its cash from operations declined substantially in the second quarter due to higher working capital requirement.”

Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BMO Capital Markets lifted their price objective on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday. Cowen and Company decreased their price objective on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Credit Suisse Group lifted their price objective on Motorola Solutions from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $93.50.

Shares of Motorola Solutions (NYSE:MSI) opened at 89.20 on Tuesday. Motorola Solutions has a 12-month low of $69.81 and a 12-month high of $92.67. The company has a 50 day moving average price of $88.17 and a 200 day moving average price of $84.24. The company has a market capitalization of $14.58 billion, a P/E ratio of 24.66 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $1.03 EPS. Motorola Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts anticipate that Motorola Solutions will post $5.28 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in Motorola Solutions by 30.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 167,231 shares of the communications equipment provider’s stock valued at $14,504,000 after buying an additional 39,424 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Motorola Solutions by 12.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,671 shares of the communications equipment provider’s stock valued at $1,706,000 after buying an additional 2,200 shares during the period. Aviva PLC raised its position in Motorola Solutions by 0.3% in the second quarter. Aviva PLC now owns 103,371 shares of the communications equipment provider’s stock valued at $8,966,000 after buying an additional 310 shares during the period. Victory Capital Management Inc. raised its position in Motorola Solutions by 8.6% in the second quarter. Victory Capital Management Inc. now owns 2,191,729 shares of the communications equipment provider’s stock valued at $190,111,000 after buying an additional 174,063 shares during the period. Finally, GAM Holding AG raised its position in Motorola Solutions by 2.8% in the second quarter. GAM Holding AG now owns 14,402 shares of the communications equipment provider’s stock valued at $1,249,000 after buying an additional 398 shares during the period. 87.27% of the stock is currently owned by 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. 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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