Motorola Solutions (NYSE:MSI) Price Target Raised to $467.00

Motorola Solutions (NYSE:MSI) had its price target raised by stock analysts at Barclays from $372.00 to $467.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the communications equipment provider’s stock. Barclays‘s target price would indicate a potential upside of 15.92% from the stock’s current price.

A number of other equities analysts also recently commented on MSI. Bank of America increased their price objective on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $388.14.

Motorola Solutions Stock Up 1.1 %

Shares of NYSE MSI traded up $4.30 during mid-day trading on Friday, reaching $402.88. The company had a trading volume of 237,436 shares, compared to its average volume of 650,646. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market capitalization of $67.20 billion, a price-to-earnings ratio of 50.26, a PEG ratio of 3.48 and a beta of 0.94. The stock has a fifty day moving average of $383.18 and a two-hundred day moving average of $355.14. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $408.95.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. As a group, equities research analysts expect that Motorola Solutions will post 12.09 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock worth $3,446,461 over the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC lifted its position in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC grew its position in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 61 shares during the period. Crewe Advisors LLC bought a new stake in shares of Motorola Solutions during the first quarter worth approximately $28,000. Finally, Private Wealth Management Group LLC acquired a new position in Motorola Solutions in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Company Profile

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.