Sunpointe LLC Acquires New Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Sunpointe LLC bought a new stake in Motorola Solutions, Inc. (NYSE:MSI) in the fourth quarter, Holdings Channel reports. The fund bought 527 shares of the communications equipment provider’s stock, valued at approximately $244,000.

Several other large investors have also recently bought and sold shares of the stock. Legacy Solutions LLC bought a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $407,000. Global Retirement Partners LLC lifted its position in Motorola Solutions by 70.1% in the fourth quarter. Global Retirement Partners LLC now owns 3,780 shares of the communications equipment provider’s stock worth $1,747,000 after purchasing an additional 1,558 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Motorola Solutions by 65.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,154 shares of the communications equipment provider’s stock valued at $3,769,000 after purchasing an additional 3,214 shares in the last quarter. Kestra Investment Management LLC increased its position in shares of Motorola Solutions by 36.5% during the 4th quarter. Kestra Investment Management LLC now owns 3,953 shares of the communications equipment provider’s stock valued at $1,827,000 after purchasing an additional 1,058 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in shares of Motorola Solutions by 93.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,544 shares of the communications equipment provider’s stock worth $3,492,000 after buying an additional 3,649 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several research reports. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley boosted their target price 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 reduced their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Performance

MSI stock opened at $438.48 on Thursday. The stock has a market cap of $73.28 billion, a P/E ratio of 47.56, a P/E/G ratio of 3.22 and a beta of 1.02. 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 50 day simple moving average of $464.68 and a 200 day simple moving average of $459.64. Motorola Solutions, Inc. has a 52 week low of $318.20 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. Research analysts anticipate that Motorola Solutions, Inc. will post 13.46 earnings per share for the current fiscal year.

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.