Motorola Solutions, Inc. (NYSE:MSI) Price Target Raised to $78.00 at Deutsche Bank AG

Motorola Solutions, Inc. (NYSE:MSI) had its target price raised by Deutsche Bank AG from $73.00 to $78.00 in a research report released on Monday, August 7th. They currently have a hold rating on the communications equipment provider’s stock.

Several other research firms also recently weighed in on MSI. Zacks Investment Research upgraded Motorola Solutions from a hold rating to a buy rating and set a $102.00 target price on the stock in a research report on Thursday, July 27th. Northcoast Research upgraded Motorola Solutions from a neutral rating to a buy rating and set a $100.00 target price on the stock in a research report on Tuesday, May 30th. Citigroup Inc. reiterated a buy rating and set a $102.00 target price (up from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. BMO Capital Markets increased their target price on Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a research report on Friday, August 4th. Finally, Cowen and Company reduced their target price on Motorola Solutions from $77.00 to $75.00 and set a market perform rating on the stock in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $94.33.

Shares of Motorola Solutions (MSI) traded up 0.28% during mid-day trading on Monday, reaching $87.37. 1,185,294 shares of the company traded hands. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 23.04 and a beta of 0.32. Motorola Solutions has a 52-week low of $71.24 and a 52-week high of $93.75. The company’s 50 day moving average is $88.91 and its 200 day moving average is $84.75.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Motorola Solutions will post $5.29 earnings per share for the current year.

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In other news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cleararc Capital Inc. raised its position in shares of Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock valued at $349,000 after buying an additional 22 shares during the last quarter. Gyroscope Capital Management Group LLC raised its position in shares of Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock valued at $290,000 after buying an additional 32 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after buying an additional 34 shares during the period. Signaturefd LLC increased its stake in shares of Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock valued at $286,000 after buying an additional 42 shares during the period. Finally, Pitcairn Co. increased its stake in shares of Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after buying an additional 42 shares during the period. Institutional investors own 87.62% of the company’s stock.

About Motorola Solutions

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.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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