Motorola Solutions (NYSE:MSI) had its target price upped by stock analysts at Citigroup from $104.00 to $112.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the communications equipment provider’s stock. Citigroup’s price objective suggests a potential upside of 15.75% from the company’s previous close.
A number of other analysts have also recently issued reports on MSI. Jefferies Group reissued a “buy” rating and set a $105.00 target price on shares of Motorola Solutions in a research note on Friday, October 6th. Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Deutsche Bank raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $96.33.
Motorola Solutions (NYSE MSI) traded down $0.57 during midday trading on Wednesday, reaching $96.76. The company had a trading volume of 808,600 shares, compared to its average volume of 996,693. Motorola Solutions has a twelve month low of $76.92 and a twelve month high of $98.27. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. The company has a market cap of $15,680.00, a PE ratio of 24.75, a price-to-earnings-growth ratio of 4.02 and a beta of 0.35.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business earned $1.37 EPS. Motorola Solutions’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts anticipate that Motorola Solutions will post 5.14 EPS for the current fiscal year.
In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The disclosure for this sale can be found here. In the last three months, insiders sold 1,336,176 shares of company stock valued at $49,961,105. 2.50% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Gyroscope Capital Management Group LLC increased its position in Motorola Solutions by 1.0% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after buying an additional 32 shares during the period. D.A. Davidson & CO. increased its holdings in Motorola Solutions by 2.4% in the second quarter. D.A. Davidson & CO. now owns 2,473 shares of the communications equipment provider’s stock worth $214,000 after purchasing an additional 59 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Motorola Solutions by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,290 shares of the communications equipment provider’s stock worth $545,000 after purchasing an additional 140 shares in the last quarter. QS Investors LLC increased its holdings in Motorola Solutions by 2.4% in the second quarter. QS Investors LLC now owns 22,759 shares of the communications equipment provider’s stock worth $1,974,000 after purchasing an additional 541 shares in the last quarter. Finally, First Manhattan Co. increased its holdings in Motorola Solutions by 2.2% in the fourth quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock worth $2,338,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.
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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.