Summit Global Investments Boosts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Summit Global Investments increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 30.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,652 shares of the communications equipment provider’s stock after buying an additional 6,937 shares during the period. Motorola Solutions accounts for about 0.9% of Summit Global Investments’ holdings, making the stock its 22nd largest holding. Summit Global Investments’ holdings in Motorola Solutions were worth $13,706,000 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 MSI. Synergy Asset Management LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new stake in shares of Motorola Solutions in the 3rd quarter worth approximately $29,000. First Command Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $29,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MSI has been the topic of several recent analyst reports. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft increased 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. Barclays cut their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley increased 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 research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Price Performance

NYSE MSI opened at $423.39 on Friday. The business’s fifty day moving average price is $446.45 and its 200-day moving average price is $459.51. The stock has a market capitalization of $70.68 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 3.82 and a beta of 1.03. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.10). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. On average, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued 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 dividend payout ratio is currently 47.29%.

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.