Motorola Solutions (NYSE:MSI) Trading Down 4.6% on Disappointing Earnings

Shares of Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) were down 4.6% during trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $444.37 and last traded at $444.57. Approximately 371,848 shares were traded during trading, a decline of 48% from the average daily volume of 710,746 shares. The stock had previously closed at $466.05.

The communications equipment provider reported $3.75 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MSI. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday. Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Raymond James upped their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. One 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $505.88.

Hedge Funds Weigh In On Motorola Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in Motorola Solutions during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions during the third quarter valued at approximately $29,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $29,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Motorola Solutions during the fourth quarter valued at approximately $30,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

The company has a market capitalization of $71.07 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The business's fifty day moving average is $466.51 and its two-hundred day moving average is $459.69.

About Motorola Solutions

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.