Trexquant Investment LP purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,836 shares of the communications equipment provider's stock, valued at approximately $11,942,000.
A number of other hedge funds have also recently made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $25,000. Crews Bank & Trust bought a new stake in Motorola Solutions in the 4th quarter worth $26,000. First Command Advisory Services Inc. purchased a new position in shares of Motorola Solutions in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions during the fourth quarter valued at about $30,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Motorola Solutions during the fourth quarter worth about $32,000. 84.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $505.88.
Check Out Our Latest Report on Motorola Solutions
Motorola Solutions Stock Performance
NYSE MSI traded up $1.85 on Monday, hitting $403.98. 835,969 shares of the company traded hands, compared to its average volume of 759,538. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The business's 50 day moving average price is $439.25 and its 200-day moving average price is $459.26. The company has a market capitalization of $67.45 billion, a price-to-earnings ratio of 43.67, a P/E/G ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a 52-week low of $332.98 and a 52-week high of $507.82.
Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.10). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's dividend payout ratio (DPR) is 47.29%.
About Motorola Solutions
(
Free Report)
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.
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