Motorola Solutions, Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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.”

Other equities analysts also recently issued reports about the stock. Cowen and Company reiterated a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. UBS AG upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Deutsche Bank AG upped their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a report on Monday, August 7th. Raymond James Financial, Inc. upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Finally, 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 report on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.17.

Motorola Solutions (NYSE:MSI) traded down 0.758% during mid-day trading on Wednesday, hitting $87.075. 192,183 shares of the stock were exchanged. The company’s 50-day moving average price is $88.37 and its 200 day moving average price is $85.63. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 22.963 and a beta of 0.33. Motorola Solutions has a 52 week low of $71.24 and a 52 week high of $93.75.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Equities research analysts expect that Motorola Solutions will post $5.29 EPS for the current year.

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In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction dated 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 directly owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were 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 directly owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Motorola Solutions by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after buying an additional 254,399 shares during the period. Lazard Asset Management LLC boosted its position in Motorola Solutions by 6.7% in the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after buying an additional 600,229 shares during the period. State Street Corp boosted its position in Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after buying an additional 135,926 shares during the period. Neuberger Berman Group LLC boosted its position in Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after buying an additional 110,330 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in Motorola Solutions by 5.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after buying an additional 118,031 shares during the period. 87.70% of the stock is 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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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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