Motorola Solutions Inc (NYSE:MSI) has been assigned an average rating of "Buy" from the nineteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $142.29.
Several equities analysts have recently issued reports on MSI shares. Credit Suisse Group reaffirmed a "buy" rating and issued a $163.00 target price on shares of Motorola Solutions in a report on Friday, August 7th. Jefferies Financial Group increased their price objective on Motorola Solutions from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, June 12th. Zacks Investment Research raised Motorola Solutions from a "sell" rating to a "hold" rating and set a $150.00 price objective for the company in a report on Wednesday, August 12th. Argus reissued a "hold" rating on shares of Motorola Solutions in a report on Tuesday, August 11th. Finally, Morgan Stanley initiated coverage on Motorola Solutions in a report on Tuesday, September 1st. They set an "overweight" rating and a $28.00 price objective for the company.
In related news, EVP John P. Molloy sold 6,800 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $155.00, for a total value of $1,054,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cynthia Yazdi sold 1,821 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $152.93, for a total value of $278,485.53. In the last 90 days, insiders have sold 12,551 shares of company stock worth $1,902,336. Company insiders own 2.30% of the company's stock.
Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in shares of Motorola Solutions in the first quarter worth $3,323,000. Vident Investment Advisory LLC raised its position in shares of Motorola Solutions by 44.5% in the first quarter. Vident Investment Advisory LLC now owns 3,077 shares of the communications equipment provider's stock worth $409,000 after buying an additional 948 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Motorola Solutions by 11.7% during the first quarter. Thrivent Financial for Lutherans now owns 38,839 shares of the communications equipment provider's stock valued at $5,163,000 after purchasing an additional 4,069 shares in the last quarter. Two Sigma Advisers LP raised its position in Motorola Solutions by 1,080.8% during the first quarter. Two Sigma Advisers LP now owns 153,500 shares of the communications equipment provider's stock valued at $20,403,000 after purchasing an additional 140,500 shares in the last quarter. Finally, DNB Asset Management AS raised its position in Motorola Solutions by 2.1% during the second quarter. DNB Asset Management AS now owns 72,490 shares of the communications equipment provider's stock valued at $10,158,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 85.55% of the company's stock.
MSI traded up $0.67 during midday trading on Wednesday, reaching $157.47. 13,345 shares of the company were exchanged, compared to its average volume of 1,415,108. The company's fifty day moving average price is $148.24 and its 200 day moving average price is $144.66. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.73. Motorola Solutions has a one year low of $120.77 and a one year high of $187.49.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 6th. The communications equipment provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.40. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.57 billion. Motorola Solutions had a negative return on equity of 145.69% and a net margin of 11.03%. Motorola Solutions's quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. On average, sell-side analysts forecast that Motorola Solutions will post 6.88 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.64 per share. The ex-dividend date is Monday, September 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.63%. Motorola Solutions's dividend payout ratio is currently 34.41%.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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