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.
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.
