Quarry LP Sells 1,108 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Quarry LP lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 69.3% in the 4th quarter, Holdings Channel reports. The firm owned 491 shares of the communications equipment provider’s stock after selling 1,108 shares during the period. Quarry LP’s holdings in Motorola Solutions were worth $227,000 at the end of the most recent reporting period.

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

Motorola Solutions Stock Up 0.5 %

Shares of MSI stock opened at $430.27 on Monday. The stock’s 50-day simple moving average is $422.92 and its 200-day simple moving average is $455.25. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The firm has a market capitalization of $71.84 billion, a PE ratio of 46.67, a P/E/G ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. Equities analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. Motorola Solutions’s payout ratio is 47.29%.

Wall Street Analysts Forecast Growth

MSI has been the topic of several analyst reports. StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Morgan Stanley lifted their price target 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. Barclays cut their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $515.25.

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.