Second Half Financial Partners LLC Takes $273,000 Position in Motorola Solutions, Inc. (NYSE:MSI)

Second Half Financial Partners LLC acquired a new position in Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 608 shares of the communications equipment provider’s stock, valued at approximately $273,000.

Several other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Motorola Solutions by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 23,933 shares of the communications equipment provider’s stock valued at $8,496,000 after buying an additional 2,585 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Motorola Solutions in the first quarter worth $1,055,000. Lake Street Advisors Group LLC increased its holdings in shares of Motorola Solutions by 61.1% during the first quarter. Lake Street Advisors Group LLC now owns 1,448 shares of the communications equipment provider’s stock valued at $515,000 after purchasing an additional 549 shares during the period. National Bank of Canada FI raised its stake in shares of Motorola Solutions by 97.8% during the first quarter. National Bank of Canada FI now owns 94,963 shares of the communications equipment provider’s stock valued at $34,450,000 after purchasing an additional 46,965 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Motorola Solutions by 15.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 163,812 shares of the communications equipment provider’s stock worth $58,157,000 after purchasing an additional 21,757 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Stock Performance

MSI opened at $490.10 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The firm has a market cap of $81.91 billion, a PE ratio of 53.71, a P/E/G ratio of 4.02 and a beta of 0.97. The business has a fifty day simple moving average of $461.40 and a 200-day simple moving average of $416.37. Motorola Solutions, Inc. has a fifty-two week low of $307.09 and a fifty-two week high of $507.82.

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

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is currently 42.94%.

Analysts Set New Price Targets

MSI has been the topic of several research analyst reports. Barclays raised their target price on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price target on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $493.43.

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.