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Motorola Solutions (NYSE:MSI) Stock Keeps Overweight Rating at Piper Sandler

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Key Points

  • Piper Sandler reaffirmed its Overweight rating on Motorola Solutions and raised its price target slightly, from $531 to $533, implying about 1.35% upside from the cited share price.
  • Motorola Solutions beat quarterly expectations, reporting EPS of $4.69 versus $4.42 forecast and revenue of $3.38 billion, up 12.2% year over year.
  • Shares rose 5.8% to $525.89 during Thursday trading. Analysts’ consensus rating was Buy, with an average price target of $531.30.
  • Five stocks to consider instead of Motorola Solutions.

Motorola Solutions (NYSE:MSI - Get Free Report)'s stock had its "overweight" rating restated by analysts at Piper Sandler in a research note issued to investors on Thursday, Benzinga reports. They currently have a $533.00 target price on the communications equipment provider's stock, up from their previous target price of $531.00. Piper Sandler's price objective would suggest a potential upside of 1.35% from the company's current price.

A number of other analysts have also recently weighed in on MSI. Morgan Stanley reaffirmed an "overweight" rating and set a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $525.00 to $545.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. UBS Group increased their price target on Motorola Solutions from $510.00 to $520.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Evercore lifted their price objective on shares of Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Finally, Weiss Ratings raised shares of Motorola Solutions from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $531.30.

Check Out Our Latest Analysis on MSI

Motorola Solutions Stock Up 5.8%

NYSE:MSI traded up $28.90 during midday trading on Thursday, reaching $525.89. The company had a trading volume of 1,637,894 shares, compared to its average volume of 1,054,101. Motorola Solutions has a 12-month low of $359.36 and a 12-month high of $548.28. The firm has a market capitalization of $87.03 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.93 and a beta of 0.86. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The stock's fifty day simple moving average is $466.82 and its 200-day simple moving average is $440.68.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.27. The business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.25 billion. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.06 EPS. On average, sell-side analysts anticipate that Motorola Solutions will post 15.87 earnings per share for the current fiscal year.

Insider Activity

In other Motorola Solutions news, CEO Gregory Brown sold 14,220 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer owned 66,648 shares in the company, valued at approximately $32,338,942.56. This represents a 17.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathryn A. Moore sold 1,004 shares of the firm'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 transaction, the senior vice president directly owned 1,282 shares of the company's stock, valued at $611,462.72. The trade was a 43.92% 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.

Institutional Trading of Motorola Solutions

Large investors have recently made changes to their positions in the stock. Aristotle Capital Management LLC bought a new stake in Motorola Solutions in the first quarter valued at $983,432,000. Bank of New York Mellon Corp bought a new position in shares of Motorola Solutions during the 2nd quarter worth about $374,617,000. Bank of America Corp DE boosted its position in shares of Motorola Solutions by 34.3% during the 1st quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider's stock worth $599,532,000 after purchasing an additional 352,679 shares in the last quarter. State Street Corp grew its stake in shares of Motorola Solutions by 4.3% in the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider's stock valued at $3,269,332,000 after buying an additional 323,725 shares during the period. Finally, SEB Asset Management AB acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at about $112,734,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

Motorola Solutions Company Profile

(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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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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