Massachusetts Financial Services Co. MA Has $208.04 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Massachusetts Financial Services Co. MA lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,684 shares of the communications equipment provider's stock after selling 259,719 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.28% of Motorola Solutions worth $208,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Versor Investments LP acquired a new position in Motorola Solutions in the third quarter worth $449,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider's stock valued at $138,210,000 after acquiring an additional 88,603 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Motorola Solutions during the second quarter valued at $19,694,000. Los Angeles Capital Management LLC boosted its holdings in shares of Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider's stock valued at $184,088,000 after acquiring an additional 32,157 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Motorola Solutions during the second quarter valued at $790,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Analysts Set New Price Targets

MSI has been the subject of several analyst reports. Barclays boosted their price target 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. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Bank of America lifted their price objective 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 lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $493.43.

Motorola Solutions Trading Up 1.2 %

NYSE MSI traded up $6.06 on Friday, hitting $500.90. 520,517 shares of the company were exchanged, compared to its average volume of 708,655. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The firm has a market capitalization of $83.71 billion, a P/E ratio of 54.86, a price-to-earnings-growth ratio of 4.06 and a beta of 0.97. The company's 50 day moving average price is $465.80 and its 200-day moving average price is $419.43.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data 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 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

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