Voloridge Investment Management LLC Has $99.39 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Voloridge Investment Management LLC trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,017 shares of the communications equipment provider's stock after selling 86,155 shares during the period. Voloridge Investment Management LLC owned about 0.13% of Motorola Solutions worth $99,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Center for Financial Planning Inc. grew its stake in Motorola Solutions by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider's stock valued at $2,337,000 after acquiring an additional 25 shares during the period. Prestige Wealth Management Group LLC grew its stake in Motorola Solutions by 11.9% in the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after acquiring an additional 25 shares during the period. Hazlett Burt & Watson Inc. grew its stake in Motorola Solutions by 22.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after acquiring an additional 25 shares during the period. Wesbanco Bank Inc. grew its stake in Motorola Solutions by 2.1% in the fourth quarter. Wesbanco Bank Inc. now owns 1,289 shares of the communications equipment provider's stock valued at $596,000 after acquiring an additional 26 shares during the period. Finally, Clark Capital Management Group Inc. grew its stake in Motorola Solutions by 4.3% in the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after acquiring an additional 26 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

MSI opened at $425.26 on Tuesday. Motorola Solutions, Inc. has a 52-week low of $356.77 and a 52-week high of $507.82. The firm has a market capitalization of $70.98 billion, a PE ratio of 46.12, a PEG ratio of 3.82 and a beta of 0.98. 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 business's 50-day simple moving average is $421.29 and its 200 day simple moving average is $450.08.

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, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. Motorola Solutions's revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.03%. Motorola Solutions's dividend payout ratio is 36.39%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on 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 raised Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barclays reduced their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $513.25.

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.

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