Motorola Solutions (NYSE:MSI) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Motorola Solutions (NYSE:MSI – Get Free Report) had its target price increased by equities researchers at JPMorgan Chase & Co. from $545.00 to $570.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 10.55% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a report on Thursday, August 6th. UBS Group boosted 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. Northcoast Research upped their price objective on Motorola Solutions from $510.00 to $525.00 in a research report on Thursday, August 27th. Truist Financial increased their price objective on Motorola Solutions from $550.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James Financial lifted their price objective on Motorola Solutions from $530.00 to $550.00 in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $540.70.

Check Out Our Latest Stock Report on MSI

Motorola Solutions Price Performance

Shares of MSI stock traded up $18.59 during trading hours on Thursday, hitting $515.58. The company’s stock had a trading volume of 3,406,328 shares, compared to its average volume of 1,062,624. The business has a fifty day moving average of $466.82 and a 200-day moving average of $440.68. The stock has a market cap of $85.32 billion, a price-to-earnings ratio of 40.60, a P/E/G ratio of 2.93 and a beta of 0.86. Motorola Solutions has a twelve month low of $359.36 and a twelve month high of $548.28. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the company posted $4.06 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Motorola Solutions will post 15.87 EPS for the current year.

Insider Buying and Selling

In other Motorola Solutions 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 completion of the transaction, the senior vice president directly owned 1,282 shares in the company, valued at approximately $611,462.72. The trade was a 43.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 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. This represents a 17.58% decrease in their position. The SEC filing for this sale provides additional information. 1.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Motorola Solutions

Several hedge funds have recently made changes to their positions in MSI. Bahl & Gaynor LLC lifted its position in Motorola Solutions by 9.6% during the third quarter. Bahl & Gaynor LLC now owns 398,125 shares of the communications equipment provider’s stock worth $177,552,000 after buying an additional 34,851 shares during the period. Moneco Advisors LLC grew its holdings in Motorola Solutions by 8.0% in the 3rd quarter. Moneco Advisors LLC now owns 758 shares of the communications equipment provider’s stock valued at $338,000 after buying an additional 56 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in Motorola Solutions by 6.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 4,233 shares of the communications equipment provider’s stock valued at $1,888,000 after buying an additional 265 shares during the period. Gen Wealth Partners Inc grew its holdings in Motorola Solutions by 310.5% in the 3rd quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 59 shares during the period. Finally, 71 West Capital Partners increased its stake in shares of Motorola Solutions by 4.5% during the 3rd quarter. 71 West Capital Partners now owns 1,916 shares of the communications equipment provider’s stock valued at $855,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Key Motorola Solutions News

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.

Further Reading

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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