Aspire Growth Partners LLC Purchases Shares of 2,213 Motorola Solutions, Inc. (NYSE:MSI)

Aspire Growth Partners LLC purchased a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,213 shares of the communications equipment provider's stock, valued at approximately $1,023,000. Motorola Solutions makes up about 1.0% of Aspire Growth Partners LLC's investment portfolio, making the stock its 28th biggest position.

Several other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $1,528,949,000. Norges Bank bought a new stake in shares of Motorola Solutions during the fourth quarter worth $1,073,645,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Motorola Solutions by 330.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares during the period. Geode Capital Management LLC grew its holdings in shares of Motorola Solutions by 12.1% in the fourth quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock worth $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in Motorola Solutions by 209.3% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock worth $258,528,000 after buying an additional 378,462 shares during the period. Institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

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

Motorola Solutions Stock Up 0.7 %

Motorola Solutions stock traded up $2.71 during trading hours on Wednesday, reaching $415.35. The stock had a trading volume of 923,746 shares, compared to its average volume of 774,229. Motorola Solutions, Inc. has a 52 week low of $351.35 and a 52 week high of $507.82. The company has a market cap of $69.35 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 3.82 and a beta of 0.98. 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 moving average price is $422.44 and its 200-day moving average price is $452.98.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating 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%. Motorola Solutions's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.81 earnings per share. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, March 14th. Motorola Solutions's dividend payout ratio is currently 36.39%.

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.