Eventide Asset Management LLC Makes New $11.98 Million Investment in Motorola Solutions, Inc. (NYSE:MSI)

Eventide Asset Management LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) in the third quarter, HoldingsChannel reports. The institutional investor bought 26,633 shares of the communications equipment provider’s stock, valued at approximately $11,975,000.

A number of other institutional investors and hedge funds have also modified their holdings of MSI. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions during the second quarter valued at approximately $25,000. Beacon Capital Management LLC grew its position in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in Motorola Solutions in the second quarter worth about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Motorola Solutions in the third quarter worth about $31,000. Institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSI. Evercore ISI boosted their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Barclays increased their price objective on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. 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. Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $506.29.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $500.66 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The stock’s 50-day moving average is $470.38 and its two-hundred day moving average is $423.22. The firm has a market cap of $83.67 billion, a price-to-earnings ratio of 54.84, a PEG ratio of 3.97 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analysts predict that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $1.09 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is presently 42.94%.

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.