Polar Asset Management Partners Inc. Sells 500 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Polar Asset Management Partners Inc. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,600 shares of the communications equipment provider’s stock after selling 500 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Motorola Solutions were worth $9,060,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Center for Financial Planning Inc. grew its position in Motorola Solutions by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock worth $2,337,000 after purchasing an additional 25 shares during the last quarter. Prestige Wealth Management Group LLC grew its position in Motorola Solutions by 11.9% during the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 25 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Motorola Solutions by 22.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock worth $63,000 after purchasing an additional 25 shares during the last quarter. Wesbanco Bank Inc. grew its position in Motorola Solutions by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider’s stock worth $596,000 after purchasing an additional 26 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock worth $294,000 after purchasing an additional 26 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSI has been the subject of several research reports. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays decreased their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Morgan Stanley boosted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $513.25.

Motorola Solutions Stock Performance

NYSE:MSI opened at $424.91 on Friday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company has a fifty day moving average of $420.81 and a two-hundred day moving average of $450.53. The stock has a market capitalization of $70.92 billion, a PE ratio of 46.09, a P/E/G ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a fifty-two week low of $356.77 and a fifty-two week high of $507.82.

Motorola Solutions (NYSE:MSI) last posted 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 company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 earnings per share. As a group, research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, March 14th. Motorola Solutions’s payout ratio is 36.39%.

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.