Voloridge Investment Management LLC Sells 86,155 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Voloridge Investment Management LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 28.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 215,017 shares of the communications equipment provider’s stock after selling 86,155 shares during the quarter. Voloridge Investment Management LLC’s holdings in Motorola Solutions were worth $99,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Barclays PLC raised its stake in Motorola Solutions by 29.6% in the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after buying an additional 165,353 shares during the period. Merit Financial Group LLC increased its stake in shares of Motorola Solutions by 26.4% during the fourth quarter. Merit Financial Group LLC now owns 3,404 shares of the communications equipment provider’s stock worth $1,573,000 after purchasing an additional 712 shares during the period. HB Wealth Management LLC increased its stake in shares of Motorola Solutions by 12.6% during the fourth quarter. HB Wealth Management LLC now owns 6,374 shares of the communications equipment provider’s stock worth $2,948,000 after purchasing an additional 711 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Motorola Solutions during the fourth quarter worth approximately $1,388,000. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Motorola Solutions by 9.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,084 shares of the communications equipment provider’s stock worth $501,000 after purchasing an additional 94 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MSI. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Morgan Stanley increased their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Barclays lowered their target price on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.25.

Motorola Solutions Trading Up 0.3%

Shares of NYSE:MSI opened at $425.26 on Tuesday. The company has a market capitalization of $70.98 billion, a P/E ratio of 46.12, a P/E/G ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a 1 year low of $356.77 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The business’s 50 day simple moving average is $421.29 and its 200 day simple moving average is $450.08.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. On average, research analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, June 13th. Motorola Solutions’s dividend payout ratio 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.