Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its position in Motorola Solutions, Inc. (NYSE:MSI) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,285 shares of the communications equipment provider’s stock after selling 12,147 shares during the period. Edgestream Partners L.P.’s holdings in Motorola Solutions were worth $1,518,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSI. Leavell Investment Management Inc. increased its holdings in shares of Motorola Solutions by 21.6% in the third quarter. Leavell Investment Management Inc. now owns 1,429 shares of the communications equipment provider’s stock valued at $644,000 after purchasing an additional 254 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Motorola Solutions in the third quarter valued at about $378,000. Assetmark Inc. boosted its stake in shares of Motorola Solutions by 10.7% in the third quarter. Assetmark Inc. now owns 33,124 shares of the communications equipment provider’s stock worth $14,894,000 after buying an additional 3,208 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Motorola Solutions by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 8,423 shares of the communications equipment provider’s stock worth $3,787,000 after buying an additional 352 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Motorola Solutions in the third quarter worth about $80,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MSI shares. Barclays lowered their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley upped their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $415.18 on Tuesday. The company has a market capitalization of $69.31 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.82 and a beta of 1.03. The business’s 50 day moving average is $453.78 and its two-hundred day moving average is $460.91. 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 $329.70 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (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 business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. Analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.05%. Motorola Solutions’s payout ratio is currently 47.29%.

About Motorola Solutions

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.