Parkshore Wealth Management Inc. Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Parkshore Wealth Management Inc. acquired a new position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,623 shares of the communications equipment provider's stock, valued at approximately $2,137,000. Motorola Solutions accounts for about 1.3% of Parkshore Wealth Management Inc.'s holdings, making the stock its 19th largest holding.

Other hedge funds have also modified their holdings of the company. Synergy Asset Management LLC bought a new stake in Motorola Solutions during the 4th quarter worth about $25,000. Crews Bank & Trust acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. bought a new stake in Motorola Solutions during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in Motorola Solutions during the fourth quarter worth about $30,000. Finally, Meeder Asset Management Inc. acquired a new position in Motorola Solutions during the fourth quarter valued at approximately $32,000. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MSI. Barclays lowered their price target on Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of 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. cut their price target 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. Finally, StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $515.25.

Motorola Solutions Stock Performance

MSI stock traded down $32.43 during midday trading on Friday, reaching $406.73. 2,340,523 shares of the company were exchanged, compared to its average volume of 776,437. Motorola Solutions, Inc. has a one year low of $332.98 and a one year high of $507.82. The firm has a market capitalization of $67.91 billion, a price-to-earnings ratio of 44.11, a price-to-earnings-growth ratio of 3.82 and a beta of 0.94. The business has a 50-day moving average price of $423.57 and a two-hundred day moving average price of $454.53. 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 announced its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $1.09 per share. The ex-dividend date was Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.07%. Motorola Solutions's dividend payout ratio (DPR) is currently 47.29%.

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.