Motorola Solutions’ (MSI) Overweight Rating Reiterated at Piper Sandler

Motorola Solutions (NYSE:MSI – Get Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Piper Sandler in a research report issued on Thursday, Benzinga reports. They currently have a $533.00 price objective on the communications equipment provider’s stock, up from their previous price objective of $531.00. Piper Sandler‘s target price would indicate a potential upside of 1.35% from the stock’s current price.

A number of other brokerages have also commented on MSI. Evercore boosted their price objective on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Morgan Stanley restated an “overweight” rating and issued a $476.00 target price (up from $470.00) on shares of Motorola Solutions 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. Northcoast Research upped their price target on Motorola Solutions from $510.00 to $525.00 in a report on Thursday, August 27th. Finally, Weiss Ratings raised Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $531.30.

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Motorola Solutions Stock Up 5.8%

Shares of MSI traded up $28.90 during trading hours on Thursday, reaching $525.89. The stock 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 company has a market capitalization of $87.03 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.93 and a beta of 0.86. The firm has a 50-day simple moving average of $466.82 and a 200 day simple moving average of $440.68. 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 posted its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping the consensus estimate of $4.42 by $0.27. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.25 billion. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. Equities research analysts predict that Motorola Solutions will post 15.87 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction that occurred 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 owned 66,648 shares in the company, valued at $32,338,942.56. The trade was a 17.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 of the company’s stock, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. 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

Institutional investors and hedge funds have recently modified their holdings of the business. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Motorola Solutions during the 1st quarter valued at $1,052,000. Mattern Capital Management LLC purchased a new position in shares of Motorola Solutions in the 1st quarter worth about $10,657,000. ProShare Advisors LLC grew its position in Motorola Solutions by 8.5% during the third quarter. ProShare Advisors LLC now owns 49,900 shares of the communications equipment provider’s stock valued at $22,254,000 after buying an additional 3,911 shares during the period. BNP Paribas grew its position in Motorola Solutions by 10.8% during the second quarter. BNP Paribas now owns 29,636 shares of the communications equipment provider’s stock valued at $12,307,000 after buying an additional 2,884 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in Motorola Solutions during the first quarter worth about $2,204,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

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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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