Cibc World Markets Corp Increases Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Cibc World Markets Corp raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 171.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,340 shares of the communications equipment provider’s stock after purchasing an additional 38,727 shares during the quarter. Cibc World Markets Corp’s holdings in Motorola Solutions were worth $28,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at approximately $29,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $29,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at approximately $30,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSI has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Performance

NYSE MSI opened at $418.07 on Monday. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82. The stock has a market cap of $69.79 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The business has a fifty day moving average of $450.02 and a 200-day moving average of $460.41. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI) last released its earnings results 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). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. As a group, analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.04%. Motorola Solutions’s payout ratio is currently 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.