Motorola Solutions Inc. (NYSE:MSI) shares traded -0.13% lower at $261.15 on Wall Street last session.
In accordance with the data, 15 analysts cover Motorola Solutions Inc. (NYSE:MSI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $319.00 and a low of $260.00, we find $300.00. Given the previous closing price of $261.48, this indicates a potential upside of 14.73 percent. MSI stock price is now -0.13% away from the 50-day moving average and 7.26% away from the 200-day moving average. The market capitalization of the company currently stands at $44.30B.
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It has been rated a hold by 6 analysts and a buy by 6. Brokers who have rated the stock have averaged $294.00 as their price target over the next twelve months.
On January 11, 2023, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $300 to quote $270, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, YAZDI CYNTHIA, SVP, Communications & Brand sold 8,734 shares of the company’s stock on Mar 09. The stock was sold for $2,361,412 at an average price of $270.37. Upon completion of the transaction, the SVP, Communications & Brand now directly owns 2,873 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director DENMAN KENNETH D sold 1,500 shares of the business’s stock. A total of $399,492 was realized by selling the stock at an average price of $266.33. This leaves the insider owning 8,313 shares of the company worth $2.17 million. Insiders disposed of 1,088,591 shares of company stock worth roughly $284.29 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MSI stock. A new stake in Motorola Solutions Inc. shares was purchased by AGF MANAGEMENT LTD during the first quarter worth $48,755,000. CARTENNA CAPITAL, LP invested $24,809,000 in shares of MSI during the first quarter. In the first quarter, MORAN WEALTH MANAGEMENT, LLC acquired a new stake in Motorola Solutions Inc. valued at approximately $19,839,000. MARSHALL WACE, LLP acquired a new stake in MSI for approximately $17,658,000. HARVEST PORTFOLIOS GROUP INC. purchased a new stake in MSI valued at around $13,636,000 in the second quarter. In total, there are 1,302 active investors with 88.30% ownership of the company’s stock.
Motorola Solutions Inc. (NYSE: MSI) opened at $259.25 on Monday. During the past 12 months, Motorola Solutions Inc. has had a low of $195.18 and a high of $275.16. As of last week, the company has a debt-to-equity ratio of 51.84, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for MSI is $261.49 and a two-hundred day moving average price translates $243.47 for the stock.
The latest earnings results from Motorola Solutions Inc. (NYSE: MSI) was released for Dec, 2022. The net profit margin was 15.00% and return on equity was -518.70% for MSI. The company reported revenue of $2.71 billion for the quarter, compared to $2.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.64 percent. For the current quarter, analysts expect MSI to generate $2.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/15/2023 were paid a $0.88 dividend. On an annualized basis, this represents a $3.52 dividend and a 1.35% percent yield. There was an ex-dividend date of 03/14/2023 for this dividend. In terms of dividend payout ratio, MSI is presently at 38.80%.
Motorola Solutions Inc.(MSI) Company Profile
Motorola Solutions, Inc. provides mission critical communications and analytics 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. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios, fixed and mobile video cameras, and accessories; radio network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software, unified communications applications, and video software solutions through on-premise and as a service. It serves government, public safety, and commercial customers. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.
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