Motorola Solutions (NYSE:MSI) Price Target Raised to $372.00 at Barclays

Motorola Solutions (NYSE:MSI) had its target price upped by equities researchers at Barclays from $362.00 to $372.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the communications equipment provider’s stock. Barclays‘s price objective would indicate a potential upside of 5.17% from the company’s previous close.

MSI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. Evercore ISI began coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $351.50.

Motorola Solutions Stock Up 5.2 %

Shares of Motorola Solutions stock opened at $353.70 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $356.17. The company has a market cap of $58.76 billion, a P/E ratio of 43.72, a PEG ratio of 3.27 and a beta of 0.91. The company’s fifty day simple moving average is $343.38 and its two-hundred day simple moving average is $323.81.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 13.64% and a return on equity of 408.01%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $3.38 earnings per share. Motorola Solutions’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts anticipate that Motorola Solutions will post 11.74 EPS for the current year.

Insider Buying and Selling at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Motorola Solutions

Large investors have recently bought and sold shares of the business. Geneva Capital Management LLC boosted its holdings in shares of Motorola Solutions by 22.9% during the 1st quarter. Geneva Capital Management LLC now owns 5,816 shares of the communications equipment provider’s stock valued at $2,065,000 after acquiring an additional 1,084 shares during the last quarter. WBI Investments LLC lifted its position in Motorola Solutions by 134.0% during the first quarter. WBI Investments LLC now owns 1,893 shares of the communications equipment provider’s stock valued at $672,000 after purchasing an additional 1,084 shares during the period. Signaturefd LLC boosted its holdings in Motorola Solutions by 4.9% in the first quarter. Signaturefd LLC now owns 2,759 shares of the communications equipment provider’s stock worth $979,000 after purchasing an additional 128 shares during the last quarter. Catalina Capital Group LLC grew its position in Motorola Solutions by 76.8% in the 1st quarter. Catalina Capital Group LLC now owns 1,179 shares of the communications equipment provider’s stock worth $419,000 after purchasing an additional 512 shares during the period. Finally, Avidian Wealth Solutions LLC purchased a new stake in Motorola Solutions during the 1st quarter valued at $228,000. 84.17% of the stock is currently owned by institutional investors.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.