GSA Capital Partners LLP Buys Shares of 2,828 Motorola Solutions, Inc. (NYSE:MSI)

GSA Capital Partners LLP acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,828 shares of the communications equipment provider's stock, valued at approximately $1,272,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc bought a new position in Motorola Solutions in the 1st quarter valued at $68,131,000. First Foundation Advisors raised its stake in shares of Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider's stock worth $126,000 after acquiring an additional 97 shares during the last quarter. TIAA Trust National Association lifted its position in shares of Motorola Solutions by 1.3% during the first quarter. TIAA Trust National Association now owns 3,774 shares of the communications equipment provider's stock worth $1,340,000 after purchasing an additional 50 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Motorola Solutions by 90.6% during the first quarter. Edgestream Partners L.P. now owns 7,546 shares of the communications equipment provider's stock worth $2,679,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Catalytic Wealth RIA LLC grew its stake in shares of Motorola Solutions by 40.2% during the first quarter. Catalytic Wealth RIA LLC now owns 1,713 shares of the communications equipment provider's stock valued at $608,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $493.43.

Motorola Solutions Trading Down 1.0 %

Shares of MSI traded down $4.70 during trading hours on Friday, reaching $489.00. The stock had a trading volume of 725,106 shares, compared to its average volume of 669,014. The firm has a 50-day moving average of $459.22 and a 200 day moving average of $413.22. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The company has a market cap of $81.72 billion, a P/E ratio of 54.14, a P/E/G ratio of 4.15 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.76 billion. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $1.09 dividend. This is a boost from Motorola Solutions's previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, December 13th. Motorola Solutions's payout ratio is currently 42.94%.

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.