Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Synovus Financial Corp

Synovus Financial Corp decreased its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,375 shares of the communications equipment provider's stock after selling 2,013 shares during the quarter. Synovus Financial Corp's holdings in Motorola Solutions were worth $2,022,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Center for Financial Planning Inc. lifted its holdings in Motorola Solutions by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after buying an additional 25 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Motorola Solutions by 11.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after purchasing an additional 25 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock worth $63,000 after acquiring an additional 25 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Motorola Solutions by 2.1% in the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider's stock worth $596,000 after acquiring an additional 26 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in Motorola Solutions by 1.6% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,664 shares of the communications equipment provider's stock worth $769,000 after buying an additional 27 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MSI. Morgan Stanley upped 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 report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday. StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Barclays reduced their target price on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $515.25.

Motorola Solutions Price Performance

Shares of MSI traded up $0.14 during trading hours on Friday, hitting $420.59. 651,934 shares of the stock were exchanged, compared to its average volume of 779,554. The stock's 50-day moving average price is $425.25 and its two-hundred day moving average price is $456.37. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 3.82 and a beta of 0.94.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued 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 return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. Research analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, March 14th. Motorola Solutions's payout ratio is presently 47.29%.

Motorola Solutions 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.