Mystic Asset Management Inc. Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Mystic Asset Management Inc. acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 635 shares of the communications equipment provider’s stock, valued at approximately $294,000.

A number of other hedge funds have also modified their holdings of MSI. Empowered Funds LLC grew its stake in Motorola Solutions by 26.4% during the third quarter. Empowered Funds LLC now owns 6,504 shares of the communications equipment provider’s stock worth $2,924,000 after buying an additional 1,358 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $205,000. Thrivent Financial for Lutherans grew its position in Motorola Solutions by 144.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 71,530 shares of the communications equipment provider’s stock worth $32,163,000 after acquiring an additional 42,212 shares during the last quarter. Quest Partners LLC increased its holdings in Motorola Solutions by 77.6% during the 3rd quarter. Quest Partners LLC now owns 3,525 shares of the communications equipment provider’s stock valued at $1,585,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Drive Wealth Management LLC raised its position in Motorola Solutions by 4.0% in the 3rd quarter. Drive Wealth Management LLC now owns 809 shares of the communications equipment provider’s stock valued at $365,000 after purchasing an additional 31 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Shares of MSI stock opened at $421.66 on Wednesday. The stock has a 50-day moving average price of $448.66 and a 200 day moving average price of $460.15. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The firm has a market cap of $70.39 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 12 month low of $332.98 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSI. Barclays decreased their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $505.88.

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.