Motorola Solutions, Inc. (NYSE:MSI) Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,432 shares of the communications equipment provider's stock after selling 2,865 shares during the quarter. New York State Common Retirement Fund owned 0.14% of Motorola Solutions worth $111,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. World Investment Advisors LLC grew its position in shares of Motorola Solutions by 5,403.9% in the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider's stock worth $16,061,000 after acquiring an additional 35,071 shares in the last quarter. Versor Investments LP acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $449,000. Groupama Asset Managment grew its position in shares of Motorola Solutions by 8.6% in the 3rd quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider's stock worth $263,967,000 after acquiring an additional 46,731 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Motorola Solutions by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider's stock worth $184,088,000 after acquiring an additional 32,157 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $33,423,000. Institutional investors and hedge funds own 84.17% of the company's stock.

Motorola Solutions Stock Performance

Motorola Solutions stock traded down $11.70 during mid-day trading on Friday, hitting $422.81. 620,085 shares of the company's stock traded hands, compared to its average volume of 800,337. The firm has a 50 day moving average price of $463.99 and a 200 day moving average price of $459.47. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The company has a market cap of $70.58 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 3.89 and a beta of 1.02. Motorola Solutions, Inc. has a one year low of $325.78 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3 billion. On average, equities analysts forecast that Motorola Solutions, Inc. will post 13.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays cut their price target on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Morgan Stanley raised their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $505.88.

Motorola Solutions Company Profile

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.