Envestnet Asset Management Inc. Purchases 201,920 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Envestnet Asset Management Inc. raised its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 570,894 shares of the communications equipment provider's stock after acquiring an additional 201,920 shares during the period. Envestnet Asset Management Inc. owned about 0.34% of Motorola Solutions worth $263,885,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSI. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions in the 4th quarter valued at $1,528,949,000. Norges Bank bought a new position in Motorola Solutions in the fourth quarter valued at about $1,073,645,000. Arrowstreet Capital Limited Partnership boosted its position in Motorola Solutions by 330.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock worth $291,922,000 after buying an additional 484,727 shares during the period. Geode Capital Management LLC grew its holdings in Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in Motorola Solutions by 56,562.5% in the 4th quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider's stock valued at $145,884,000 after acquiring an additional 315,053 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Barclays lowered their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, StockNews.com lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $505.88.

Motorola Solutions Stock Up 1.9 %

Shares of MSI traded up $7.91 during trading hours on Friday, reaching $422.78. The stock had a trading volume of 211,379 shares, compared to its average volume of 772,009. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. The company has a market capitalization of $70.59 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 3.82 and a beta of 0.94. The firm has a 50-day simple moving average of $431.80 and a 200 day simple moving average of $457.47. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Equities research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions's payout ratio is 47.29%.

Motorola Solutions 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.