The price of Motorola Solutions Inc. (NYSE:MSI) shares last traded on Wall Street rose 0.04% to $283.68.
Based on available information, 11 analysts follow 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 $335.00 and a low of $300.00, we find $315.50. Given the previous closing price of $283.57, this indicates a potential upside of 11.26 percent. MSI stock price is now -0.99% away from the 50-day moving average and 2.98% away from the 200-day moving average. The market capitalization of the company currently stands at $47.36B.
Among analysts, 4 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $315.23 as their price target over the next twelve months.
In other news, DENMAN KENNETH D, Director sold 1,000 shares of the company’s stock on Aug 11. The stock was sold for $284,649 at an average price of $284.58. Upon completion of the transaction, the Director now directly owns 8,101 shares in the company, valued at $2.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, EVP and CFO WINKLER JASON J sold 2,000 shares of the business’s stock. A total of $596,020 was realized by selling the stock at an average price of $298.01. This leaves the insider owning 6,963 shares of the company worth $1.98 million. Insiders disposed of 695,900 shares of company stock worth roughly $197.41 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $58,773,000. TWINBEECH CAPITAL LP invested $42,896,000 in shares of MSI during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Motorola Solutions Inc. valued at approximately $34,609,000. RIVERBRIDGE PARTNERS LLC acquired a new stake in MSI for approximately $26,866,000. NEMES RUSH GROUP LLC purchased a new stake in MSI valued at around $13,908,000 in the second quarter. In total, there are 1,377 active investors with 88.30% ownership of the company’s stock.
A candlestick chart of Motorola Solutions Inc. (NYSE: MSI) showed a price of $284.09 on Friday morning. During the past 12 months, Motorola Solutions Inc. has had a low of $212.76 and a high of $299.43. As of last week, the company has a debt-to-equity ratio of 17.85, a current ratio of 1.20, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $53.19B, which is based on a 32.19 price-to-earnings ratio, a 4.47 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for MSI is $286.52 and a two-hundred day moving average price translates $275.64 for the stock.
The latest earnings results from Motorola Solutions Inc. (NYSE: MSI) was released for Jun, 2023. According to the Communication Equipment Company, earnings per share came in at $2.65, beating analysts’ expectations of $2.51 by 0.14. This compares to $1.34 EPS in the same period last year. The company reported revenue of $2.4 billion for the quarter, compared to $2.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.29 percent. For the current quarter, analysts expect MSI to generate $2.52B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/15/2023 were paid a $0.88 dividend. On an annualized basis, this represents a $3.52 dividend and a 1.24% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, MSI is presently at 36.90%.
Motorola Solutions Inc.(MSI) 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. 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 public safety and enterprise command center, unified communications applications, mobile video equipment, and video software solutions; repair, technical support, and maintenance services; and monitoring, software updates, and cybersecurity services. 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.
