Concurrent Investment Advisors LLC Sells 2,183 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Concurrent Investment Advisors LLC trimmed its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 34.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,159 shares of the communications equipment provider's stock after selling 2,183 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Motorola Solutions were worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in shares of Motorola Solutions by 3.7% in the second quarter. Raymond James & Associates now owns 2,319,631 shares of the communications equipment provider's stock worth $895,494,000 after acquiring an additional 82,044 shares during the period. Legal & General Group Plc lifted its position in shares of Motorola Solutions by 7.7% in the 2nd quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider's stock worth $590,911,000 after purchasing an additional 110,072 shares during the period. Swedbank AB boosted its stake in shares of Motorola Solutions by 215.7% in the 2nd quarter. Swedbank AB now owns 1,023,956 shares of the communications equipment provider's stock valued at $395,298,000 after purchasing an additional 699,615 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Motorola Solutions by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 993,689 shares of the communications equipment provider's stock worth $383,614,000 after buying an additional 4,984 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Motorola Solutions by 59,189.5% during the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider's stock worth $435,064,000 after buying an additional 965,972 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on MSI shares. Deutsche Bank Aktiengesellschaft upped 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. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an "overweight" rating in a research report on Friday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $493.43.

Motorola Solutions Stock Up 7.4 %

Shares of NYSE:MSI traded up $34.86 during trading on Friday, reaching $504.81. 1,185,601 shares of the stock were exchanged, compared to its average volume of 636,371. Motorola Solutions, Inc. has a 1-year low of $305.73 and a 1-year high of $506.72. The stock has a fifty day moving average of $454.67 and a two-hundred day moving average of $409.07. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a market cap of $84.22 billion, a price-to-earnings ratio of 59.11, a price-to-earnings-growth ratio of 3.95 and a beta of 0.97.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Research analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, September 13th. This represents a $3.92 dividend on an annualized basis and a yield of 0.78%. Motorola Solutions's dividend payout ratio (DPR) is currently 45.90%.

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.