Crossmark Global Holdings Inc. Acquires 4,766 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Crossmark Global Holdings Inc. grew its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 56.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,189 shares of the communications equipment provider’s stock after acquiring an additional 4,766 shares during the period. Crossmark Global Holdings Inc.’s holdings in Motorola Solutions were worth $6,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in Motorola Solutions by 59,189.5% during the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after purchasing an additional 965,972 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Motorola Solutions by 4,447.9% in the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after purchasing an additional 572,040 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Motorola Solutions by 477.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider’s stock worth $140,131,000 after buying an additional 257,727 shares during the period. State Street Corp grew its stake in Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after buying an additional 198,183 shares during the last quarter. Finally, Barclays PLC raised its holdings in Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after acquiring an additional 165,353 shares during the period. 84.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MSI shares. Barclays boosted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Bank of America increased their price objective on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. 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. Raymond James boosted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Performance

NYSE MSI opened at $467.65 on Wednesday. The firm’s 50 day simple moving average is $476.58 and its 200 day simple moving average is $448.95. The firm has a market capitalization of $78.15 billion, a price-to-earnings ratio of 51.22, a P/E/G ratio of 3.42 and a beta of 1.01. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. As a group, research analysts expect that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a $1.09 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. 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.