452 Shares in Motorola Solutions, Inc. (NYSE:MSI) Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 452 shares of the communications equipment provider’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MSI. Fisher Asset Management LLC raised its stake in Motorola Solutions by 44.3% in the third quarter. Fisher Asset Management LLC now owns 2,150 shares of the communications equipment provider’s stock valued at $967,000 after purchasing an additional 660 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Motorola Solutions by 13.0% in the 3rd quarter. D.A. Davidson & CO. now owns 1,245 shares of the communications equipment provider’s stock worth $560,000 after buying an additional 143 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Motorola Solutions by 49.9% during the 3rd quarter. Townsquare Capital LLC now owns 4,724 shares of the communications equipment provider’s stock valued at $2,124,000 after buying an additional 1,573 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Motorola Solutions by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,144 shares of the communications equipment provider’s stock worth $2,763,000 after acquiring an additional 89 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Motorola Solutions by 13.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,499 shares of the communications equipment provider’s stock worth $5,620,000 after acquiring an additional 1,499 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MSI shares. Barclays lowered their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com raised 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 given a buy rating to the company. According to MarketBeat, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Price Performance

MSI opened at $433.38 on Friday. 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. The stock’s 50 day simple moving average is $443.47 and its 200 day simple moving average is $459.45. The firm has a market cap of $72.35 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 3.82 and a beta of 1.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results 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 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%. As a group, analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.01%. Motorola Solutions’s 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.