Drive Wealth Management LLC Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Drive Wealth Management LLC acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSIFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 745 shares of the communications equipment provider’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSI. American Century Companies Inc. boosted its stake in shares of Motorola Solutions by 11.6% in the 1st quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider’s stock worth $949,000 after buying an additional 406 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of Motorola Solutions by 3.1% in the 1st quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider’s stock worth $2,685,000 after buying an additional 329 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Motorola Solutions by 8.8% in the 1st quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider’s stock worth $695,000 after buying an additional 231 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Motorola Solutions in the 1st quarter worth approximately $225,000. Finally, Baird Financial Group Inc. boosted its stake in shares of Motorola Solutions by 7.3% in the 1st quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider’s stock worth $13,362,000 after buying an additional 3,741 shares during the last quarter. 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 a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price on the stock. Barclays upped their price objective on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $337.25.

View Our Latest Stock Report on MSI

Insiders Place Their Bets

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the sale, the senior vice president now owns 8,858 shares in the company, valued at $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Down 0.4 %

NYSE:MSI opened at $352.07 on Wednesday. The company has a market cap of $58.49 billion, a P/E ratio of 35.46, a P/E/G ratio of 3.27 and a beta of 0.90. The stock’s fifty day moving average price is $333.79 and its two-hundred day moving average price is $313.41. Motorola Solutions, Inc. has a 1 year low of $269.64 and a 1 year high of $355.39. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85.

Motorola Solutions (NYSE:MSIGet Free Report) last posted its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.38 earnings per share. As a group, analysts expect that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be given a dividend of $0.98 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.11%. Motorola Solutions’s dividend payout ratio is currently 39.48%.

Motorola Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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