Versor Investments LP Invests $449,000 in Motorola Solutions, Inc. (NYSE:MSI)

Versor Investments LP bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 999 shares of the communications equipment provider’s stock, valued at approximately $449,000.

Other institutional investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in shares of Motorola Solutions in the second quarter worth approximately $25,000. Beacon Capital Management LLC boosted its position in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 28 shares during the period. LRI Investments LLC grew its holdings in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Motorola Solutions in the first quarter valued at about $28,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions during the second quarter valued at about $29,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Stock Down 0.6 %

Shares of Motorola Solutions stock opened at $493.70 on Friday. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The firm has a market cap of $82.51 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 4.16 and a beta of 0.97. The company has a 50-day moving average of $458.10 and a 200 day moving average of $412.66. 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 (NYSE:MSI) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share 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 business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.88%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is 42.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSI. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted 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. Evercore ISI upped their price objective on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Raymond James boosted their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $493.43.

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.