Burney Co. lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 18.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 11,737 shares of the communications equipment provider’s stock after selling 2,684 shares during the quarter. Burney Co.’s holdings in Motorola Solutions were worth $5,093,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MSI. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Motorola Solutions in the 4th quarter valued at $27,000. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions during the third quarter worth $28,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Motorola Solutions during the fourth quarter worth $28,000. Physician Wealth Advisors Inc. boosted its stake in shares of Motorola Solutions by 540.0% during the first quarter. Physician Wealth Advisors Inc. now owns 64 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 54 shares during the period. Finally, Orion Capital Management LLC boosted its stake in shares of Motorola Solutions by 46.3% during the fourth quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 25 shares during the period. Institutional investors own 84.17% of the company’s stock.
Motorola Solutions Price Performance
MSI opened at $422.92 on Tuesday. The company has a market capitalization of $70.20 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.94 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 3.28. Motorola Solutions, Inc. has a 12-month low of $359.36 and a 12-month high of $492.22. The business’s fifty day simple moving average is $410.64 and its 200-day simple moving average is $420.79.
Motorola Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be issued a $1.21 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s payout ratio is currently 39.00%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 price target on shares of Motorola Solutions in a research note on Friday, May 8th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays upped their target price on shares of Motorola Solutions from $506.00 to $509.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $504.67.
Check Out Our Latest Research Report on MSI
About Motorola Solutions
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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