Parallel Advisors LLC Has $1.37 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Parallel Advisors LLC grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,971 shares of the communications equipment provider’s stock after acquiring an additional 164 shares during the quarter. Parallel Advisors LLC’s holdings in Motorola Solutions were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Cibc World Markets Corp boosted its position in shares of Motorola Solutions by 171.3% in the fourth quarter. Cibc World Markets Corp now owns 61,340 shares of the communications equipment provider’s stock valued at $28,353,000 after acquiring an additional 38,727 shares during the period. Glenview Trust co boosted its position in shares of Motorola Solutions by 66.8% in the fourth quarter. Glenview Trust co now owns 2,599 shares of the communications equipment provider’s stock valued at $1,201,000 after acquiring an additional 1,041 shares during the period. Corient Private Wealth LLC boosted its position in shares of Motorola Solutions by 18.1% in the fourth quarter. Corient Private Wealth LLC now owns 86,671 shares of the communications equipment provider’s stock valued at $39,249,000 after acquiring an additional 13,298 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Motorola Solutions by 49.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,365 shares of the communications equipment provider’s stock valued at $6,640,000 after acquiring an additional 4,777 shares during the period. Finally, one8zero8 LLC bought a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $866,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $421.66 on Wednesday. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock has a fifty day moving average price of $448.66 and a two-hundred day moving average price of $460.15. Motorola Solutions, Inc. has a 52-week low of $332.98 and a 52-week high of $507.82. The firm has a market capitalization of $70.39 billion, a P/E ratio of 45.73, a P/E/G ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. As a group, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. Motorola Solutions’s dividend payout ratio is 47.29%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

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.