Motorola Solutions (NYSE:MSI) Now Covered by UBS Group

Equities research analysts at UBS Group assumed coverage on shares of Motorola Solutions (NYSE:MSI - Get Free Report) in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a "buy" rating and a $490.00 price target on the communications equipment provider's stock. UBS Group's target price points to a potential upside of 15.97% from the stock's current price.

MSI has been the subject of several other reports. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They set a "peer perform" rating for the company. Barclays reduced their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $510.67.

Motorola Solutions Price Performance

Shares of MSI traded up $1.48 during mid-day trading on Wednesday, hitting $422.52. The company's stock had a trading volume of 151,376 shares, compared to its average volume of 827,750. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The firm has a 50-day simple moving average of $416.65 and a 200 day simple moving average of $430.97. The firm has a market capitalization of $70.53 billion, a P/E ratio of 35.27, a P/E/G ratio of 3.58 and a beta of 0.95. Motorola Solutions has a 1-year low of $385.17 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $2.81 EPS. Analysts predict that Motorola Solutions will post 13.55 EPS for the current fiscal year.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Motorola Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC boosted its holdings in Motorola Solutions by 346.2% in the first quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Signature Resources Capital Management LLC acquired a new position in Motorola Solutions in the second quarter valued at $25,000. Saudi Central Bank acquired a new position in Motorola Solutions in the first quarter valued at $29,000. Meeder Asset Management Inc. acquired a new position in Motorola Solutions in the fourth quarter valued at $32,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Motorola Solutions in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 84.17% of the company's stock.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.