Zions Bancorporation N.A. Purchases 2,121 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Zions Bancorporation N.A. raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 51.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,280 shares of the communications equipment provider’s stock after acquiring an additional 2,121 shares during the period. Zions Bancorporation N.A.’s holdings in Motorola Solutions were worth $2,903,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSI. TIAA Trust National Association lifted its stake in shares of Motorola Solutions by 19.9% in the 4th quarter. TIAA Trust National Association now owns 35,997 shares of the communications equipment provider’s stock valued at $16,639,000 after acquiring an additional 5,965 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Motorola Solutions by 2.5% in the fourth quarter. TD Asset Management Inc. now owns 962,306 shares of the communications equipment provider’s stock worth $444,807,000 after purchasing an additional 23,708 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Motorola Solutions in the fourth quarter worth $224,000. Corebridge Financial Inc. raised its holdings in Motorola Solutions by 0.9% during the 4th quarter. Corebridge Financial Inc. now owns 43,080 shares of the communications equipment provider’s stock valued at $19,913,000 after buying an additional 382 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock valued at $9,789,955,000 after buying an additional 310,919 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MSI shares. Barclays decreased their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Morgan Stanley increased their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft boosted their target price on 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 raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

MSI opened at $429.18 on Wednesday. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The company has a market cap of $71.65 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The stock has a fifty day simple moving average of $445.27 and a two-hundred day simple moving average of $459.73.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Research analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions’s payout ratio is 47.29%.

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.