Motorola Solutions (MSI) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Motorola Solutions (NYSE:MSI) from a buy rating to a hold rating in a research report released on Monday, January 8th.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry in a year. The company's efforts to strengthen its software product portfolio also raise optimism in the stock. In keeping with its objective, the company completed the acquisition of Kodiak Networks in August 2017. The company's decision, in November 2017, to raise its quarterly dividend payout is also encouraging. We are also impressed by the upbeat 2017 view provided by the company. Though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. The company's weak balance sheet is also concerning. Moreover, the company's cash from operations is being hurt due to higher working capital requirement from the implementation of a new ERP system. “

MSI has been the subject of several other reports. Jefferies Group lifted their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a buy rating in a report on Friday, November 3rd. ValuEngine lowered shares of Motorola Solutions from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, Cleveland Research upgraded shares of Motorola Solutions from a neutral rating to a buy rating in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Motorola Solutions currently has an average rating of Buy and an average price target of $95.50.

Shares of Motorola Solutions (NYSE:MSI) opened at $97.33 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. The firm has a market capitalization of $15,770.00, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 4.05 and a beta of 0.35. Motorola Solutions has a 12-month low of $76.92 and a 12-month high of $98.27.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $1.37 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that Motorola Solutions will post 5.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.14%. Motorola Solutions’s payout ratio is currently 53.20%.

In other news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bruce W. Brda sold 5,916 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,336,176 shares of company stock valued at $49,961,105. Company insiders own 2.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of MSI. Pacer Advisors Inc. boosted its holdings in Motorola Solutions by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,473 shares of the communications equipment provider’s stock worth $301,000 after buying an additional 261 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Motorola Solutions by 1.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,569 shares of the communications equipment provider’s stock worth $396,000 after buying an additional 73 shares during the period. JPMorgan Chase & Co. boosted its holdings in Motorola Solutions by 111.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 686,510 shares of the communications equipment provider’s stock worth $59,548,000 after buying an additional 361,621 shares during the period. Schroder Investment Management Group boosted its holdings in Motorola Solutions by 50.2% in the 2nd quarter. Schroder Investment Management Group now owns 37,620 shares of the communications equipment provider’s stock worth $3,265,000 after buying an additional 12,566 shares during the period. Finally, CIBC World Markets Inc. boosted its holdings in Motorola Solutions by 33.0% in the 2nd quarter. CIBC World Markets Inc. now owns 8,880 shares of the communications equipment provider’s stock worth $770,000 after buying an additional 2,204 shares during the period. 87.71% of the stock is owned by 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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