Harel Insurance Investments & Financial Services Ltd. Sells 7,157 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Harel Insurance Investments & Financial Services Ltd. reduced its stake in Motorola Solutions, Inc. (NYSE:MSI) by 92.2% during the 4th quarter, Holdings Channel reports. The fund owned 602 shares of the communications equipment provider’s stock after selling 7,157 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Motorola Solutions were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of Motorola Solutions in the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Motorola Solutions in the 3rd quarter valued at $31,000. Strategic Investment Solutions Inc. IL acquired a new position in Motorola Solutions in the 2nd quarter valued at $32,000. Planning Capital Management Corp bought a new position in Motorola Solutions during the 3rd quarter worth $32,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Motorola Solutions during the third quarter worth $33,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Motorola Solutions Trading Up 0.7 %

Shares of MSI opened at $479.49 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. Motorola Solutions, Inc. has a 52-week low of $314.84 and a 52-week high of $507.82. The firm has a market cap of $80.13 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 3.47 and a beta of 1.01. The business’s fifty day moving average is $474.94 and its 200-day moving average is $450.48.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Equities analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s payout ratio is presently 47.75%.

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.