Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,239 shares of the communications equipment provider’s stock after acquiring an additional 114 shares during the period. Avestar Capital LLC’s holdings in Motorola Solutions were worth $557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ancora Advisors LLC lifted its position in shares of Motorola Solutions by 0.5% during the 1st quarter. Ancora Advisors LLC now owns 6,771 shares of the communications equipment provider’s stock worth $2,404,000 after buying an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Motorola Solutions by 39.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,873 shares of the communications equipment provider’s stock valued at $1,375,000 after acquiring an additional 1,105 shares during the last quarter. Tidal Investments LLC lifted its position in Motorola Solutions by 42.2% in the first quarter. Tidal Investments LLC now owns 15,764 shares of the communications equipment provider’s stock valued at $5,595,000 after acquiring an additional 4,682 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in shares of Motorola Solutions by 301.9% during the first quarter. iA Global Asset Management Inc. now owns 4,706 shares of the communications equipment provider’s stock worth $1,671,000 after purchasing an additional 3,535 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Motorola Solutions by 52.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,746 shares of the communications equipment provider’s stock valued at $620,000 after purchasing an additional 599 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on MSI shares. JPMorgan Chase & Co. lifted 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. Bank of America raised their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Jefferies Financial Group raised their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Stock Performance

NYSE:MSI opened at $496.56 on Wednesday. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a market capitalization of $82.99 billion, a P/E ratio of 54.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.97. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The firm has a 50-day moving average price of $467.86 and a two-hundred day moving average price of $422.13.

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

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. This represents a $4.36 annualized dividend and a yield of 0.88%. Motorola Solutions’s payout ratio is presently 42.94%.

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.