Parallel Advisors LLC Acquires 164 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Parallel Advisors LLC lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,971 shares of the communications equipment provider’s stock after buying an additional 164 shares during the quarter. Parallel Advisors LLC’s holdings in Motorola Solutions were worth $1,374,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp raised its holdings in Motorola Solutions by 2.7% during the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock worth $3,358,848,000 after purchasing an additional 198,183 shares during the last quarter. Geode Capital Management LLC raised its holdings in Motorola Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock worth $1,675,588,000 after purchasing an additional 89,320 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Motorola Solutions during the 4th quarter worth about $1,528,949,000. Bank of New York Mellon Corp raised its holdings in Motorola Solutions by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,287,296 shares of the communications equipment provider’s stock worth $595,026,000 after purchasing an additional 100,454 shares during the last quarter. Finally, Swedbank AB raised its holdings in Motorola Solutions by 0.3% during the 4th quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider’s stock worth $474,708,000 after purchasing an additional 3,040 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

Shares of MSI opened at $421.66 on Wednesday. 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 stock has a 50 day simple moving average of $448.66 and a 200 day simple moving average of $460.15. Motorola Solutions, Inc. has a 52-week low of $332.98 and a 52-week high of $507.82. The firm has a market capitalization of $70.39 billion, a PE ratio of 45.73, a P/E/G ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 47.29%.

Analyst Ratings Changes

MSI has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $505.88.

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.