Waverly Advisors LLC Acquires 926 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Waverly Advisors LLC grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 85.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,014 shares of the communications equipment provider’s stock after acquiring an additional 926 shares during the quarter. Waverly Advisors LLC’s holdings in Motorola Solutions were worth $931,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Motorola Solutions in the fourth quarter worth $1,528,949,000. Norges Bank purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $1,073,645,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock valued at $291,922,000 after acquiring an additional 484,727 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock valued at $1,933,360,000 after acquiring an additional 451,172 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in Motorola Solutions by 209.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider’s stock worth $258,528,000 after acquiring an additional 378,462 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Trading Down 0.6%

NYSE:MSI opened at $419.32 on Friday. The company has a 50-day moving average price of $421.59 and a 200-day moving average price of $449.19. The stock has a market cap of $69.99 billion, a price-to-earnings ratio of 45.48, a P/E/G ratio of 3.82 and a beta of 0.98. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12 month low of $356.77 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business posted $2.81 earnings per share. Motorola Solutions’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions’s dividend payout ratio is presently 36.39%.

Wall Street Analysts Forecast Growth

MSI has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays dropped their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $513.25.

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.