Contravisory Investment Management Inc. Decreases Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Contravisory Investment Management Inc. lowered its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 20,641 shares of the communications equipment provider’s stock after selling 379 shares during the period. Motorola Solutions accounts for approximately 2.0% of Contravisory Investment Management Inc.’s holdings, making the stock its 14th largest holding. Contravisory Investment Management Inc.’s holdings in Motorola Solutions were worth $9,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. USA Financial Formulas increased its stake in Motorola Solutions by 50.1% during the 4th quarter. USA Financial Formulas now owns 2,661 shares of the communications equipment provider’s stock worth $1,230,000 after buying an additional 888 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Motorola Solutions by 50.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 821 shares of the communications equipment provider’s stock valued at $379,000 after acquiring an additional 275 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Motorola Solutions by 109.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,127 shares of the communications equipment provider’s stock worth $2,832,000 after acquiring an additional 3,208 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Motorola Solutions by 15.8% in the fourth quarter. Kathmere Capital Management LLC now owns 673 shares of the communications equipment provider’s stock valued at $311,000 after purchasing an additional 92 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in Motorola Solutions during the 4th quarter worth approximately $1,156,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSI shares. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Bank of America increased their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price target on Motorola Solutions from $430.00 to $495.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $504.88.

Motorola Solutions Trading Down 0.2 %

Shares of NYSE:MSI opened at $459.72 on Thursday. The company has a 50 day moving average of $478.34 and a 200-day moving average of $446.78. 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 market cap of $76.83 billion, a P/E ratio of 50.35, a P/E/G ratio of 3.35 and a beta of 1.01. Motorola Solutions, Inc. has a twelve month low of $314.08 and a twelve month high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The firm had revenue of $2.79 billion for 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, analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, December 13th. Motorola Solutions’s dividend payout ratio is 47.75%.

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.