Kentucky Retirement Systems Insurance Trust Fund Purchases 3,214 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Motorola Solutions, Inc. (NYSE:MSI) by 65.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,154 shares of the communications equipment provider’s stock after buying an additional 3,214 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Motorola Solutions were worth $3,769,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSI. World Investment Advisors LLC raised its holdings in Motorola Solutions by 5,403.9% during the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after acquiring an additional 35,071 shares during the period. Versor Investments LP purchased a new position in Motorola Solutions during the 3rd quarter valued at about $449,000. Groupama Asset Managment raised its holdings in Motorola Solutions by 8.6% in the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock worth $263,967,000 after buying an additional 46,731 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Motorola Solutions by 8.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock valued at $184,088,000 after acquiring an additional 32,157 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Motorola Solutions in the 3rd quarter worth approximately $33,423,000. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSI shares. Raymond James raised their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Bank of America increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays lowered their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $437.35 on Tuesday. The firm has a market capitalization of $73.09 billion, a P/E ratio of 47.90, a PEG ratio of 3.54 and a beta of 1.02. Motorola Solutions, Inc. has a 52 week low of $318.20 and a 52 week high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The company has a 50 day moving average price of $467.34 and a 200 day moving average price of $459.41.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share 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 analysts’ expectations of $3 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

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.