Empire Life Investments Inc. Buys 2,104 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Empire Life Investments Inc. raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,458 shares of the communications equipment provider's stock after acquiring an additional 2,104 shares during the period. Motorola Solutions makes up approximately 1.7% of Empire Life Investments Inc.'s holdings, making the stock its 21st biggest position. Empire Life Investments Inc.'s holdings in Motorola Solutions were worth $27,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MSI. Synergy Asset Management LLC bought a new position in Motorola Solutions during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of Motorola Solutions in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $31,000. Finally, Planning Capital Management Corp bought a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $32,000. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Price Performance

MSI traded up $12.50 during trading on Wednesday, reaching $438.48. 1,397,609 shares of the company traded hands, compared to its average volume of 801,034. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a 12-month low of $318.20 and a 12-month high of $507.82. The firm has a fifty day simple moving average of $465.48 and a 200 day simple moving average of $459.79. The company has a market cap of $73.28 billion, a P/E ratio of 47.56, a PEG ratio of 3.22 and a beta of 1.02.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3 billion. On average, equities analysts forecast that Motorola Solutions, Inc. will post 13.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MSI shares. Morgan Stanley increased their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Barclays decreased their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised their target price 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. 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 note on Friday, November 8th. Finally, StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Motorola Solutions has an average 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.