Mackenzie Financial Corp Has $467.90 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Mackenzie Financial Corp increased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,012,266 shares of the communications equipment provider's stock after purchasing an additional 18,473 shares during the period. Mackenzie Financial Corp owned approximately 0.61% of Motorola Solutions worth $467,900,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MSI has been the subject of several research analyst reports. Morgan Stanley upped 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. JPMorgan Chase & Co. dropped their price objective 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. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, 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 research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $1.06 during trading on Tuesday, reaching $419.98. The stock had a trading volume of 923,909 shares, compared to its average volume of 790,756. 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, Inc. has a 52 week low of $356.77 and a 52 week high of $507.82. The stock has a market capitalization of $70.10 billion, a PE ratio of 45.55, a P/E/G ratio of 3.82 and a beta of 0.98. The business's 50-day moving average price is $421.50 and its 200 day moving average price is $448.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $2.81 EPS. The company's revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.04%. Motorola Solutions's dividend payout ratio is 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.