BofA Adjusts Motorola Solutions, Inc. (MSI) PT on Backlog Timing Challenges

Core Insights - Motorola Solutions, Inc. (NYSE:MSI) is recognized as one of the best video surveillance and private security stocks to invest in [1][2] - BofA Securities has adjusted its price target for MSI from $520 to $500 while maintaining a Buy rating, citing backlog timing challenges [2] - The company reported strong fourth-quarter and full-year 2025 results, with significant increases in both profitability and revenue [3][4] Financial Performance - Full-year non-GAAP EPS rose by 11% to $15.38, while GAAP EPS increased by 38% to $12.75 [3] - Q4 non-GAAP EPS was $4.59, exceeding projections, and GAAP EPS was $3.86, reflecting an 8% year-over-year increase [3] - Revenue for Q4 2025 increased by 12% year-over-year to $3.38 billion, with a full-year revenue growth of 8% driven by Software and Services (15%) and Products and Systems Integration (11%) [4] Backlog and Cash Flow - By the end of 2025, Motorola Solutions achieved a record backlog of $15.7 billion, which is $1 billion higher than the previous year [4] - The company's operating cash flow for Q4 was $1.3 billion, contributing to an annual total of $2.8 billion [4] - Effective capital management was highlighted by $182 million in dividend payments and $490 million in share repurchases during the quarter [4] Business Overview - Motorola Solutions provides video surveillance, communications, and security solutions aimed at public safety and enterprise markets [5] - The company focuses on delivering advanced monitoring, analytics, and emergency response technologies to enhance security globally [5]