Longboard Asset Management LP Makes New $275,000 Investment in Motorola Solutions, Inc. (NYSE:MSI)

Longboard Asset Management LP purchased a new stake in Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 596 shares of the communications equipment provider’s stock, valued at approximately $275,000. Motorola Solutions accounts for 0.7% of Longboard Asset Management LP’s holdings, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter worth $25,000. Crews Bank & Trust bought a new stake in Motorola Solutions in the 4th quarter valued at $26,000. FSA Wealth Management LLC bought a new stake in Motorola Solutions in the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions in the 3rd quarter worth $31,000. Finally, Planning Capital Management Corp bought a new position in shares of Motorola Solutions during the 3rd quarter worth about $32,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSI has been the topic of a number of recent research reports. Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price objective on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Raymond James increased their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America lifted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Stock Up 0.9 %

NYSE:MSI opened at $473.36 on Tuesday. The company has a market cap of $79.11 billion, a price-to-earnings ratio of 51.85, a P/E/G ratio of 3.45 and a beta of 1.02. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock’s fifty day moving average price is $472.39 and its two-hundred day moving average price is $453.96. Motorola Solutions, Inc. has a 52-week low of $314.84 and a 52-week high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. On average, analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.92%. Motorola Solutions’s payout ratio is 47.75%.

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.