Oppenheimer & Co. Inc. Has $1.07 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Oppenheimer & Co. Inc. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,379 shares of the communications equipment provider’s stock after selling 32 shares during the period. Oppenheimer & Co. Inc.’s holdings in Motorola Solutions were worth $1,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of Motorola Solutions in the 3rd quarter valued at $449,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Motorola Solutions by 32.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock worth $138,210,000 after purchasing an additional 88,603 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Motorola Solutions during the second quarter worth $19,694,000. Los Angeles Capital Management LLC grew its stake in shares of Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after purchasing an additional 32,157 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of Motorola Solutions during the second quarter worth $790,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on MSI. Jefferies Financial Group lifted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barclays lifted their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Stock Performance

MSI stock opened at $490.35 on Tuesday. The firm has a market cap of $81.95 billion, a PE ratio of 53.71, a P/E/G ratio of 4.09 and a beta of 0.97. The business’s 50-day moving average price is $461.40 and its two-hundred day moving average price is $416.37. Motorola Solutions, Inc. has a 1-year low of $307.09 and a 1-year high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is 42.94%.

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.