Motorola Solutions (NYSE:MSI - Get Free Report) had its target price hoisted by equities researchers at UBS Group from $520.00 to $570.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the communications equipment provider's stock. UBS Group's target price would indicate a potential upside of 10.55% from the stock's previous close.
Other equities analysts have also issued research reports about the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $476.00 price target (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. Evercore raised their price objective on Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Raymond James Financial boosted their price objective on shares of Motorola Solutions from $530.00 to $550.00 in a report on Thursday, August 6th. Bank of America reaffirmed a "buy" rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $545.00 to $570.00 and gave the company an "overweight" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $545.70.
Read Our Latest Report on Motorola Solutions
Motorola Solutions Trading Up 3.7%
Shares of NYSE MSI traded up $18.59 during midday trading on Thursday, reaching $515.58. 3,406,392 shares of the stock were exchanged, compared to its average volume of 1,062,711. The company has a 50 day simple moving average of $467.38 and a 200 day simple moving average of $441.26. The stock has a market capitalization of $85.32 billion, a P/E ratio of 40.60, a PEG ratio of 2.93 and a beta of 0.86. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. Motorola Solutions has a twelve month low of $359.36 and a twelve month high of $548.28.
Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, beating the consensus estimate of $4.42 by $0.27. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.25 billion. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. As a group, equities analysts expect that Motorola Solutions will post 15.87 earnings per share for the current year.
Insider Buying and Selling at Motorola Solutions
In related news, SVP Kathryn A. Moore sold 1,004 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the sale, the senior vice president owned 1,282 shares in the company, valued at approximately $611,462.72. The trade was a 43.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Brown sold 14,220 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the transaction, the chief executive officer directly owned 66,648 shares in the company, valued at approximately $32,338,942.56. The trade was a 17.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.28% of the company's stock.
Hedge Funds Weigh In On Motorola Solutions
A number of hedge funds and other institutional investors have recently bought and sold shares of MSI. Atticus Wealth Management LLC raised its position in Motorola Solutions by 3.6% in the third quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider's stock worth $282,000 after acquiring an additional 22 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of Motorola Solutions by 0.7% during the 3rd quarter. Guidance Capital Inc. now owns 3,235 shares of the communications equipment provider's stock worth $1,576,000 after purchasing an additional 22 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Motorola Solutions by 3.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider's stock worth $324,000 after purchasing an additional 23 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Motorola Solutions by 3.9% during the 3rd quarter. Verus Capital Partners LLC now owns 665 shares of the communications equipment provider's stock worth $297,000 after purchasing an additional 25 shares during the period. Finally, Tsfg LLC grew its stake in shares of Motorola Solutions by 16.4% during the 2nd quarter. Tsfg LLC now owns 185 shares of the communications equipment provider's stock worth $77,000 after purchasing an additional 26 shares during the period. 84.17% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Motorola Solutions
Here are the key news stories impacting Motorola Solutions this week:
About Motorola Solutions
(
Get Free Report)
Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.
Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.
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