Prestige Wealth Management Group LLC Acquires 25 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Prestige Wealth Management Group LLC raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235 shares of the communications equipment provider’s stock after acquiring an additional 25 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Motorola Solutions were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSI. Synergy Asset Management LLC bought a new position in Motorola Solutions in the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in shares of Motorola Solutions in the 4th quarter valued at $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in Motorola Solutions in the 4th quarter worth about $30,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Motorola Solutions Stock Down 0.0 %

Shares of NYSE MSI opened at $429.18 on Wednesday. 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 $71.65 billion, a PE ratio of 46.55, a P/E/G ratio of 3.82 and a beta of 1.03. The company’s fifty day simple moving average is $445.27 and its 200 day simple moving average is $459.73. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. As a group, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.02%. Motorola Solutions’s payout ratio is 47.29%.

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.