Motorola Solutions (NYSE:MSI) PT Raised to $375.00

Motorola Solutions (NYSE:MSI) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $355.00 to $375.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.74% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Barclays lifted their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $357.43.

Motorola Solutions Stock Up 2.4 %

MSI opened at $358.02 on Monday. Motorola Solutions has a one year low of $269.64 and a one year high of $358.20. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The stock has a market capitalization of $59.71 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The business’s 50-day simple moving average is $344.39 and its 200-day simple moving average is $325.32.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $3.38 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Motorola Solutions will post 11.74 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of MSI. Qube Research & Technologies Ltd increased its position in shares of Motorola Solutions by 61.1% in the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after buying an additional 126,517 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock worth $260,204,000 after acquiring an additional 17,807 shares during the last quarter. Sherbrooke Park Advisers LLC lifted its holdings in shares of Motorola Solutions by 224.3% in the third quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider’s stock valued at $1,059,000 after purchasing an additional 2,691 shares in the last quarter. Sei Investments Co. grew its position in shares of Motorola Solutions by 9.8% in the third quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider’s stock valued at $20,353,000 after purchasing an additional 6,671 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Motorola Solutions by 4.2% during the 4th quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider’s stock worth $1,254,000 after purchasing an additional 162 shares in the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

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.