Ensign Peak Advisors Inc Has $23.43 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Ensign Peak Advisors Inc decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,693 shares of the communications equipment provider's stock after selling 9,038 shares during the quarter. Ensign Peak Advisors Inc's holdings in Motorola Solutions were worth $23,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSI. Ethic Inc. lifted its holdings in shares of Motorola Solutions by 17.1% during the 4th quarter. Ethic Inc. now owns 16,288 shares of the communications equipment provider's stock valued at $7,529,000 after purchasing an additional 2,374 shares in the last quarter. FORA Capital LLC bought a new position in Motorola Solutions in the fourth quarter valued at approximately $407,000. Fred Alger Management LLC acquired a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $244,000. Clark Capital Management Group Inc. increased its position in shares of Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock worth $294,000 after acquiring an additional 26 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Motorola Solutions by 12.3% during the fourth quarter. EP Wealth Advisors LLC now owns 2,042 shares of the communications equipment provider's stock worth $944,000 after acquiring an additional 223 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Price Performance

MSI traded up $1.53 during trading on Wednesday, hitting $414.81. 923,970 shares of the stock traded hands, compared to its average volume of 777,215. The business has a 50 day moving average price of $420.78 and a 200 day moving average price of $451.00. The company has a market cap of $69.24 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a twelve month low of $356.77 and a twelve month 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.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.17. The business 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%. Motorola Solutions's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $2.81 earnings per share. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on MSI shares. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley lifted their target price on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. StockNews.com downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Barclays dropped their price target 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $513.25.

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.