Independent Advisor Alliance Takes $855,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Independent Advisor Alliance acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,850 shares of the communications equipment provider's stock, valued at approximately $855,000.

Several other hedge funds have also added to or reduced their stakes in the business. Tradition Wealth Management LLC raised its stake in shares of Motorola Solutions by 3.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider's stock valued at $294,000 after purchasing an additional 21 shares during the period. Center for Financial Planning Inc. raised its stake in shares of Motorola Solutions by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after purchasing an additional 25 shares during the period. Harbour Investments Inc. raised its stake in shares of Motorola Solutions by 2.1% in the 3rd quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider's stock valued at $578,000 after purchasing an additional 26 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Motorola Solutions by 0.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider's stock valued at $1,343,000 after purchasing an additional 26 shares during the period. Finally, Hancock Whitney Corp increased its position in shares of Motorola Solutions by 0.4% in the third quarter. Hancock Whitney Corp now owns 5,812 shares of the communications equipment provider's stock valued at $2,613,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company's stock.

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Motorola Solutions Stock Performance

Shares of NYSE:MSI traded up $1.92 during trading on Wednesday, reaching $423.82. 495,066 shares of the stock were exchanged, compared to its average volume of 690,084. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82. The firm has a market cap of $70.75 billion, a PE ratio of 45.97, a PEG ratio of 3.82 and a beta of 1.03. The stock has a 50-day moving average price of $448.66 and a 200-day moving average price of $460.15. 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 (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

MSI has been the topic of a number of recent research reports. Barclays lowered their target price on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $505.88.

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.