Ninety One UK Ltd Reduces Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Ninety One UK Ltd reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 591,597 shares of the communications equipment provider’s stock after selling 9,463 shares during the period. Ninety One UK Ltd owned about 0.35% of Motorola Solutions worth $273,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradition Wealth Management LLC increased its stake in shares of Motorola Solutions by 3.3% in the third quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 21 shares during the period. Fidelis Capital Partners LLC increased its position in shares of Motorola Solutions by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after acquiring an additional 22 shares during the period. Omnia Family Wealth LLC boosted its holdings in shares of Motorola Solutions by 2.2% during the third quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock worth $527,000 after purchasing an additional 25 shares during the period. Harbour Investments Inc. grew its stake in shares of Motorola Solutions by 2.1% in the third quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after purchasing an additional 26 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Motorola Solutions by 0.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock valued at $1,343,000 after purchasing an additional 26 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. 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. Finally, Morgan Stanley raised their price objective on shares of Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Price Performance

MSI stock opened at $471.59 on Wednesday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The firm has a 50 day moving average price of $472.09 and a 200-day moving average price of $454.52. Motorola Solutions, Inc. has a 52-week low of $314.84 and a 52-week high of $507.82. The firm has a market capitalization of $78.81 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 3.45 and a beta of 1.02.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data 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 return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Equities research analysts forecast that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 0.92%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, December 13th. Motorola Solutions’s dividend payout ratio is 47.75%.

Motorola Solutions Company 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.