Motorola Solutions (NYSE:MSI) Now Covered by Analysts at Evercore ISI

Evercore ISI began coverage on shares of Motorola Solutions (NYSE:MSIFree Report) in a research report report published on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $400.00 price target on the communications equipment provider’s stock.

Other research analysts have also issued research reports about the company. Barclays boosted their price objective on Motorola Solutions from $333.00 to $352.00 and gave the company an overweight rating in a research report on Tuesday, January 2nd. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a report on Monday, February 12th. William Blair reissued an outperform rating on shares of Motorola Solutions in a research note on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $337.25.

Get Our Latest Stock Analysis on MSI

Motorola Solutions Stock Down 0.2 %

Shares of NYSE:MSI opened at $347.89 on Monday. 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 $351.33. The company has a fifty day simple moving average of $329.97 and a 200 day simple moving average of $310.47. The firm has a market cap of $57.78 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

Motorola Solutions (NYSE:MSIGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business posted $3.38 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions’s payout ratio is presently 39.48%.

Insiders Place Their Bets

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 stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MSI. Norges Bank bought a new position in Motorola Solutions during the fourth quarter worth $646,341,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Motorola Solutions during the 4th quarter worth about $339,283,000. Groupama Asset Managment acquired a new position in shares of Motorola Solutions during the fourth quarter valued at about $178,361,000. Ameriprise Financial Inc. lifted its stake in shares of Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after buying an additional 482,023 shares during the period. Finally, Zurich Insurance Group Ltd FI grew its position in Motorola Solutions by 527.0% during the second quarter. Zurich Insurance Group Ltd FI now owns 361,210 shares of the communications equipment provider’s stock worth $105,936,000 after buying an additional 303,604 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

About Motorola Solutions

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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.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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