Motorola Solutions (MSI) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Motorola Solutions (NYSE:MSI) from a hold rating to a buy rating in a research report report published on Wednesday, January 17th. They currently have $108.00 target price on the communications equipment provider’s stock.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry in a year. The company's efforts to strengthen its software product portfolio raise optimism in the stock. In keeping with its objective, the company completed the acquisition of Kodiak Networks in 2017. Also, the company's decision to raise its quarterly dividend payout, in November 2017, is also encouraging. We are impressed by the company’s upbeat 2017 view as well. Moreover, Motorola's growth by acquisition strategy is noteworthy. The positive sentiment surrounding the stock may be gauged from the fact that the Zacks Consensus Estimate for 2017 and 2018 earnings have increased 2.3% and  2.1%, respectively, over the last 90 days. However, the company's weak balance sheet is concerning. Additionally, the company's cash from operations is being hurt due to higher working capital requirement from the implementation of a new ERP system. “

A number of other equities research analysts have also recently issued reports on MSI. ValuEngine cut Motorola Solutions from a buy rating to a hold rating in a research note on Wednesday, November 15th. Deutsche Bank upgraded Motorola Solutions from a hold rating to a buy rating and set a $78.00 price objective on the stock in a research note on Friday, January 12th. Jefferies Group reiterated a buy rating and set a $105.00 price objective on shares of Motorola Solutions in a research note on Friday, October 6th. Finally, Cleveland Research upgraded Motorola Solutions from a neutral rating to a buy rating in a research note on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Motorola Solutions currently has a consensus rating of Buy and a consensus price target of $103.27.

Motorola Solutions (NYSE MSI) traded up $0.39 during midday trading on Wednesday, reaching $99.13. The company’s stock had a trading volume of 3,309,502 shares, compared to its average volume of 1,484,129. The company has a market cap of $16,059.06, a PE ratio of -91.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.40. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. Motorola Solutions has a 12-month low of $77.23 and a 12-month high of $107.78.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Motorola Solutions will post 6.31 earnings per share for the current fiscal year.

In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total value of $14,246,685.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO John K. Wozniak sold 45,577 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $104.90, for a total value of $4,781,027.30. Following the completion of the transaction, the chief accounting officer now directly owns 20,099 shares in the company, valued at $2,108,385.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,375,837 shares of company stock worth $54,195,434 over the last three months. 2.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sun Life Financial INC grew its holdings in Motorola Solutions by 14,800.0% in the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust grew its holdings in Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares in the last quarter. NuWave Investment Management LLC acquired a new position in Motorola Solutions in the 4th quarter valued at $168,000. Finally, Tower Research Capital LLC TRC acquired a new position in Motorola Solutions in the 4th quarter valued at $188,000. 87.89% of the stock is currently owned by hedge funds and other institutional investors.

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Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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