Benjamin Edwards Inc. Has $33.06 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Benjamin Edwards Inc. raised its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1,916.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,530 shares of the communications equipment provider’s stock after purchasing an additional 69,884 shares during the period. Benjamin Edwards Inc.’s holdings in Motorola Solutions were worth $33,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Motorola Solutions by 224.4% in the 1st quarter. Cetera Investment Advisers now owns 36,350 shares of the communications equipment provider’s stock valued at $12,904,000 after purchasing an additional 25,146 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Motorola Solutions by 270.3% during the 1st quarter. Cetera Advisors LLC now owns 11,005 shares of the communications equipment provider’s stock valued at $3,907,000 after acquiring an additional 8,033 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Motorola Solutions by 13.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 384 shares of the communications equipment provider’s stock worth $130,000 after acquiring an additional 46 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in Motorola Solutions in the 2nd quarter worth about $235,000. Finally, GAMMA Investing LLC raised its position in Motorola Solutions by 45.1% in the second quarter. GAMMA Investing LLC now owns 1,511 shares of the communications equipment provider’s stock valued at $583,000 after purchasing an additional 470 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 0.2 %

Motorola Solutions stock opened at $499.70 on Monday. The business’s fifty day moving average is $471.53 and its 200 day moving average is $425.07. The stock has a market capitalization of $83.51 billion, a PE ratio of 54.73, a price-to-earnings-growth ratio of 3.96 and a beta of 0.97. 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, Inc. has a one year low of $307.09 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. On average, sell-side analysts predict that Motorola Solutions, Inc. will post 12.54 EPS for the current 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 given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 42.94%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays lifted their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James upped their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $506.29.

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.