Motorola Solutions (NYSE:MSI) Stock Gets Price Target Increase from UBS Group

Motorola Solutions (NYSE:MSI – Get Free Report) had its price target raised by analysts at UBS Group from $520.00 to $570.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. UBS Group‘s price objective suggests a potential upside of 10.91% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Bank of America restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. Zacks Research cut Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Raymond James Financial lifted their price target on shares of Motorola Solutions from $530.00 to $550.00 in a research note on Thursday, August 6th. Barclays upped their price target on shares of Motorola Solutions from $529.00 to $598.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Truist Financial raised their price objective on shares of Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $545.70.

Check Out Our Latest Research Report on Motorola Solutions

Motorola Solutions Stock Performance

Motorola Solutions stock traded down $3.10 on Thursday, hitting $513.91. The company’s stock had a trading volume of 1,743,733 shares, compared to its average volume of 903,482. Motorola Solutions has a one year low of $359.36 and a one year high of $548.28. The firm has a market cap of $85.05 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. The company has a fifty day moving average price of $467.94 and a 200-day moving average price of $441.87.

Motorola Solutions (NYSE:MSI – Get Free Report) last posted its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.27. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. Motorola Solutions’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.06 earnings per share. On average, equities analysts anticipate that Motorola Solutions will post 15.91 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory Q. Brown sold 14,220 shares of the company’s 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kathryn Moore sold 1,004 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the sale, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Valmark Advisers Inc. boosted its position in Motorola Solutions by 1.7% during the third quarter. Valmark Advisers Inc. now owns 1,177 shares of the communications equipment provider’s stock valued at $525,000 after acquiring an additional 20 shares during the last quarter. Atticus Wealth Management LLC boosted its position in shares of Motorola Solutions by 3.6% during the 3rd quarter. Atticus Wealth Management LLC now owns 632 shares of the communications equipment provider’s stock valued at $282,000 after purchasing an additional 22 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of Motorola Solutions by 0.7% during the 3rd quarter. Guidance Capital Inc. now owns 3,235 shares of the communications equipment provider’s stock valued at $1,576,000 after purchasing an additional 22 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in Motorola Solutions by 3.0% during the second quarter. Ausdal Financial Partners Inc. now owns 780 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 23 shares during the period. Finally, Verus Capital Partners LLC grew its stake in Motorola Solutions by 3.9% during the third quarter. Verus Capital Partners LLC now owns 665 shares of the communications equipment provider’s stock worth $297,000 after purchasing an additional 25 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions News Roundup

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

Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

See Also

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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