Motorola Solutions, Inc. (NYSE:MSI) Stock Holdings Lowered by MAI Capital Management

MAI Capital Management decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,209 shares of the communications equipment provider's stock after selling 2,648 shares during the period. MAI Capital Management's holdings in Motorola Solutions were worth $993,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSI. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the second quarter worth about $25,000. Beacon Capital Management LLC increased its holdings in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 28 shares in the last quarter. LRI Investments LLC increased its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 61 shares in the last quarter. Crewe Advisors LLC purchased a new position in Motorola Solutions in the first quarter valued at about $28,000. Finally, Triad Wealth Partners LLC purchased a new position in Motorola Solutions in the second quarter valued at about $29,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MSI shares. Barclays increased their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. Raymond James raised their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $493.43.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $6.06 during midday trading on Friday, hitting $500.90. The company's stock had a trading volume of 520,132 shares, compared to its average volume of 667,260. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The firm's fifty day moving average price is $464.62 and its 200-day moving average price is $418.38. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a market cap of $83.71 billion, a P/E ratio of 54.20, a P/E/G ratio of 4.00 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 12.48 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.87%. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions's payout ratio is 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.