Motorola Solutions, Inc. (MSI) Raised to “Buy” at Cleveland Research
Motorola Solutions, Inc. (NYSE:MSI) was upgraded by research analysts at Cleveland Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday.
MSI has been the topic of several other research reports. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, August 29th. BMO Capital Markets boosted their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BidaskClub raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $94.08.
Motorola Solutions (MSI) traded up 3.21% during mid-day trading on Friday, hitting $88.76. 394,814 shares of the stock traded hands. The company’s 50 day moving average is $85.97 and its 200 day moving average is $86.05. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75. The company has a market cap of $14.44 billion, a P/E ratio of 23.41 and a beta of 0.31.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Motorola Solutions will post $5.29 earnings per share for the current fiscal year.
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In other news, EVP Eduardo F. Conrado sold 6,998 shares of the 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 sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction on 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 in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Gierl Augustine Investment Management bought a new position in shares of Motorola Solutions in the fourth quarter worth about $0. Sun Life Financial INC grew its holdings in shares of Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock worth $103,000 after purchasing an additional 1,184 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Motorola Solutions in the first quarter worth about $100,000. Finally, Iat Reinsurance Co. LTD. bought a new position in shares of Motorola Solutions in the first quarter worth about $123,000. 87.68% of the stock is currently owned by institutional investors and hedge funds.
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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