Zacks Investment Research cut shares of Motorola Solutions (NYSE:MSI) from a buy rating to a hold rating in a research note 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 research reports. ValuEngine lowered shares of Motorola Solutions from a buy rating to a hold rating in a research report on Wednesday, November 15th. Cleveland Research raised shares of Motorola Solutions from a neutral rating to a buy rating in a research report on Friday, October 6th. Finally, Jefferies Group reissued a buy rating and issued a $105.00 price target on shares of Motorola Solutions in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $95.08.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.13. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. equities analysts forecast that Motorola Solutions will post 5.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were paid a dividend of $0.52 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, December 14th. Motorola Solutions’s dividend payout ratio is 53.20%.
In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction on Monday, November 6th. The stock was 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. Insiders have sold 1,328,765 shares of company stock worth $49,257,060 over the last three months. 2.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Motorola Solutions by 6.8% during the third quarter. Parametric Portfolio Associates LLC now owns 758,515 shares of the communications equipment provider’s stock worth $64,375,000 after acquiring an additional 48,247 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Motorola Solutions during the third quarter worth $2,193,000. IFM Investors Pty Ltd acquired a new stake in shares of Motorola Solutions during the third quarter worth $421,000. Sterling Capital Management LLC raised its holdings in shares of Motorola Solutions by 18.2% during the third quarter. Sterling Capital Management LLC now owns 43,438 shares of the communications equipment provider’s stock worth $3,687,000 after acquiring an additional 6,687 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Motorola Solutions by 4.8% during the third quarter. California Public Employees Retirement System now owns 395,631 shares of the communications equipment provider’s stock worth $33,577,000 after acquiring an additional 18,274 shares during the period. 87.81% of the stock is currently 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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