Burney Co. Sells 658 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Burney Co. lessened its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,851 shares of the communications equipment provider's stock after selling 658 shares during the period. Burney Co.'s holdings in Motorola Solutions were worth $5,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in Motorola Solutions during the 3rd quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Motorola Solutions in the 3rd quarter worth about $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in Motorola Solutions in the second quarter worth approximately $32,000. Planning Capital Management Corp bought a new stake in shares of Motorola Solutions in the third quarter worth $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions during the 3rd quarter valued at about $33,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MSI shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays raised their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Morgan Stanley boosted their price target on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Bank of America lifted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Raymond James boosted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Motorola Solutions has a consensus rating of "Moderate Buy" and an average target price of $504.88.

Motorola Solutions Trading Down 0.2 %

Shares of NYSE MSI traded down $1.12 during trading hours on Wednesday, hitting $459.72. 812,348 shares of the company traded hands, compared to its average volume of 740,364. The company's 50 day moving average price is $478.34 and its 200 day moving average price is $446.78. Motorola Solutions, Inc. has a 12 month low of $314.08 and a 12 month high of $507.82. The stock has a market capitalization of $76.83 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 3.70 and a beta of 1.01. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio is 47.75%.

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.