Motorola Solutions (MSI) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Motorola Solutions (NYSE:MSI) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Motorola is a leading global provider of mission-critical communication infrastructure, devices, accessories, software and services with a global footprint of sales in more than 100 countries. The company’s efforts to strengthen its software product portfolio are encouraging. The acquisition of Plant Holdings is likely to boost its command center software portfolio and software enterprise. Motorola outperformed the industry in the last three months on an average. However, headwinds in currency translation could add to the woes as Motorola generates significant revenues outside the United States. Presently, when the economy of Europe is highly unpredictable post the Brexit referendum, it becomes difficult for the company to increase revenues and reduce costs. In addition, Motorola is also likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members, reducing its productivity.”

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MSI has been the topic of several other reports. ValuEngine raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Thursday, March 1st. Jefferies Group reissued a buy rating on shares of Motorola Solutions in a research note on Thursday, March 1st. MKM Partners increased their price target on shares of Motorola Solutions to $116.00 and gave the company a neutral rating in a research note on Monday, February 5th. Citigroup increased their price target on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets increased their price target on shares of Motorola Solutions from $102.00 to $116.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Motorola Solutions has an average rating of Buy and an average price target of $114.17.

Shares of Motorola Solutions stock opened at $103.98 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. The stock has a market cap of $17,209.90, a price-to-earnings ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.32. Motorola Solutions has a 1-year low of $79.63 and a 1-year high of $110.29.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 earnings per share. equities analysts anticipate that Motorola Solutions will post 6.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a yield of 2.00%. Motorola Solutions’s dividend payout ratio is currently 40.00%.

In related news, CAO John K. Wozniak sold 45,577 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $104.90, for a total value of $4,781,027.30. Following the transaction, the chief accounting officer now directly owns 20,099 shares in the company, valued at $2,108,385.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory Q. Brown sold 187,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The disclosure for this sale can be found here. Insiders sold 1,394,467 shares of company stock worth $62,068,687 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Motorola Solutions by 4.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock valued at $1,215,000 after buying an additional 517 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Motorola Solutions by 15.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 14,977 shares of the communications equipment provider’s stock valued at $1,353,000 after buying an additional 2,017 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Motorola Solutions by 7.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,701 shares of the communications equipment provider’s stock valued at $5,031,000 after buying an additional 3,882 shares during the period. We Are One Seven LLC acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $550,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Motorola Solutions by 9.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the communications equipment provider’s stock valued at $840,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 87.94% of the company’s stock.

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About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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