Clark Capital Management Group Inc. Purchases 26 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Clark Capital Management Group Inc. boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 636 shares of the communications equipment provider’s stock after acquiring an additional 26 shares during the period. Clark Capital Management Group Inc.’s holdings in Motorola Solutions were worth $294,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Motorola Solutions in the 4th quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Motorola Solutions in the 4th quarter worth $32,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSI. Barclays dropped their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Morgan Stanley upped their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $513.25.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $405.86 on Friday. Motorola Solutions, Inc. has a 1-year low of $356.30 and a 1-year high of $507.82. The firm has a market cap of $67.76 billion, a P/E ratio of 44.02, a P/E/G ratio of 3.82 and a beta of 0.98. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The firm has a 50-day moving average of $421.25 and a 200-day moving average of $451.71.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $2.81 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $1.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.36 annualized dividend and a yield of 1.07%. Motorola Solutions’s dividend payout ratio (DPR) is presently 36.39%.

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.