Gabelli Has Downgraded Shares of Motorola Solutions (NYSE:MSI) Giving it a $73.00 Target


Motorola Solutions (NYSE:MSI) Receives a Downgrade

In a comprehensive report released on 7 December, equity analysts at Gabelli’s equity research division downgraded shares of Motorola Solutions (NYSE:MSI) stock from their previous Buy rating to a Hold. They now have a $73.00 TP on MSI or a 2.20% upside.

From a total of 10 analysts covering Motorola Solutions (NYSE:MSI) stock, 4 rate it a ”Buy”, 5 a “Sell”, and 9 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is $77 while the lowest target price is $40. The mean of all analyst targets is $63.25 with a -4.31% below today’s ($70.8) stock price. Motorola Solutions was the topic of 6 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Hold” rating. JP Morgan reinitiated MSI stock in a recent report from October 6 with “Neutral” rating.

Approximately 508,114 shares of stock traded hands. Motorola Solutions Inc (NYSE:MSI) has risen 18.84% since May 4, 2015 and is uptrending. It has outperformed by 19.91% the S&P500.

The overall sentiment of institutions has decreased to 0.57 in Q2 2015. Its down 0.16, from 0.73 in 2015Q2. The ratio dropped, as 51 institutions have sold all the shares of Motorola Solutions Inc that they owned while 193 funds have taken shares off the table. 47 funds have purchased shares for the first time while 92 added to their positions. These institutions now hold 151.94 million shares or 14.49% less than the 177.68 million shares they owned in 2015Q2.

The Fund Marlowe Partners Lp currently is holding shares equating to 16.88% of its total portfolio in Motorola Solutions Inc representing a total of 375,970 shares. Another fund,Orbis Investment Management (U.S.) Llc, is holding a total of 188,956 shares equating to 11.71% of their holdings. Additionally, Orbis Holdings Ltd has a 14.83 million share stake in Motorola Solutions Inc which represents 8.62% of their total portfolio. The Fund, Valueact Holdings L.P., based out of California, has also built up a stake in the stock, which represents a total of 6.99% of their total portfolio. Finally Central Securities Corp, a fund which is based in the state of New York reported a total holdings of 300,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to September 25, 2015, shareholders of Motorola Solutions Inc have witnessed 0 insider buys, and a total of 3 sales equating to a net activity of approximately $2.32 million . Schassler Robert C sold 22,891 shares worth approximately $1.60 million. Hacker Mark S. sold 7,296 shares worth approximately $501,572.

Motorola Solutions, Inc. provides communication infrastructure, devices, accessories, software and services. The company has a market cap of $12.53 billion. The Firm operates business in two divisions: Products and Services. It currently has negative earnings. The Products segment offers a portfolio of infrastructure, devices, accessories and software.

According to Zacks Investment Research, “Motorola Solutions is engaged in providing communication equipments, software and services. It focuses on providing public safety communications ranging from infrastructure to applications and devices. The Company operates its business through two divisions: Government and Enterprise. The Enterprise segment is focused on mobile computing systems, advance data capture and wireless networks. The Government segment makes radio systems, radio devices and control centers for governments around the world. Products offered by the Company include devices, networks, systems, accessories, software and services.” Get a free copy of the Zacks research report on Motorola Solutions Inc (MSI).