Gardner Lewis Asset Management L P Invests $398,000 in Motorola Solutions, Inc. (NYSE:MSI)

Gardner Lewis Asset Management L P bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the 4th quarter, Holdings Channel reports. The firm bought 860 shares of the communications equipment provider’s stock, valued at approximately $398,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Motorola Solutions by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider’s stock worth $9,789,955,000 after buying an additional 310,919 shares in the last quarter. State Street Corp increased its holdings in Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after purchasing an additional 198,183 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Motorola Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock worth $1,675,588,000 after buying an additional 89,320 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $1,528,949,000. Finally, Norges Bank bought a new stake in Motorola Solutions in the fourth quarter valued at approximately $1,073,645,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays cut their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Morgan Stanley increased 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. Finally, StockNews.com raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

NYSE:MSI opened at $432.71 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The stock’s 50 day moving average price is $444.11 and its two-hundred day moving average price is $459.34. The firm has a market capitalization of $72.23 billion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 3.82 and a beta of 1.03.

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

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is presently 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.