Assetmark Inc. Raises Stake in Motorola Solutions, Inc. (NYSE:MSI)

Assetmark Inc. grew its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,124 shares of the communications equipment provider’s stock after acquiring an additional 3,208 shares during the quarter. Assetmark Inc.’s holdings in Motorola Solutions were worth $14,894,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new position in Motorola Solutions during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC grew its holdings in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Motorola Solutions in the third quarter worth $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Motorola Solutions during the 2nd quarter valued at $29,000. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MSI. Jefferies Financial Group upped their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James lifted their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Barclays lifted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $493.43.

Motorola Solutions Price Performance

Shares of MSI stock opened at $504.60 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The stock has a market cap of $84.19 billion, a price-to-earnings ratio of 55.27, a PEG ratio of 4.24 and a beta of 0.97. The business’s fifty day moving average is $454.67 and its 200 day moving average is $409.51. Motorola Solutions, Inc. has a twelve month low of $305.73 and a twelve month high of $506.72.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Research analysts expect that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

About Motorola Solutions

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.