Woodline Partners LP Invests $4.64 Million in Motorola Solutions, Inc. (NYSE:MSI)

Woodline Partners LP acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,036 shares of the communications equipment provider's stock, valued at approximately $4,639,000.

A number of other large investors have also made changes to their positions in MSI. Barclays PLC increased its position in shares of Motorola Solutions by 29.6% in the 3rd 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 in the last quarter. Atomi Financial Group Inc. increased its position in shares of Motorola Solutions by 12.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,143 shares of the communications equipment provider's stock valued at $528,000 after buying an additional 123 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock valued at $383,000 after buying an additional 104 shares in the last quarter. Simon Quick Advisors LLC increased its position in shares of Motorola Solutions by 15.2% in the 4th quarter. Simon Quick Advisors LLC now owns 697 shares of the communications equipment provider's stock valued at $322,000 after buying an additional 92 shares in the last quarter. Finally, Dakota Wealth Management increased its position in shares of Motorola Solutions by 12.3% in the 4th quarter. Dakota Wealth Management now owns 3,160 shares of the communications equipment provider's stock valued at $1,461,000 after buying an additional 345 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday. 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 report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. 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, May 5th. Finally, Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Stock Down 0.6%

Shares of Motorola Solutions stock traded down $2.63 during trading hours on Thursday, reaching $418.20. 300,507 shares of the company's stock were exchanged, compared to its average volume of 790,903. Motorola Solutions, Inc. has a fifty-two week low of $356.77 and a fifty-two week high of $507.82. The stock has a market cap of $69.80 billion, a P/E ratio of 45.37, a P/E/G ratio of 3.82 and a beta of 0.98. The company has a 50 day moving average of $421.40 and a two-hundred day moving average of $447.92. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.04%. Motorola Solutions's dividend payout ratio is presently 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.