Motorola Solutions, Inc. (NYSE:MSI) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Motorola Solutions, Inc. (NYSE:MSI) by 14.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,949 shares of the communications equipment provider’s stock after buying an additional 4,121 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Motorola Solutions were worth $14,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MSI. National Pension Service raised its stake in Motorola Solutions by 22.9% in the 4th quarter. National Pension Service now owns 470,878 shares of the communications equipment provider’s stock worth $217,654,000 after acquiring an additional 87,722 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Motorola Solutions in the fourth quarter worth about $24,136,000. Proficio Capital Partners LLC lifted its holdings in shares of Motorola Solutions by 56,562.5% during the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider’s stock worth $145,884,000 after purchasing an additional 315,053 shares during the period. Swedbank AB lifted its holdings in shares of Motorola Solutions by 0.3% during the fourth quarter. Swedbank AB now owns 1,026,996 shares of the communications equipment provider’s stock worth $474,708,000 after purchasing an additional 3,040 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in Motorola Solutions in the fourth quarter valued at approximately $1,791,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Morgan Stanley boosted 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 report on Friday, February 14th. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and an average target price of $513.25.

Motorola Solutions Trading Up 0.9%

Shares of Motorola Solutions stock opened at $426.63 on Thursday. The firm has a 50-day simple moving average of $421.64 and a two-hundred day simple moving average of $449.73. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a fifty-two week low of $356.77 and a fifty-two week high of $507.82. The company has a market cap of $71.21 billion, a P/E ratio of 46.27, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $2.81 EPS. Motorola Solutions’s quarterly 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 fiscal year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. Motorola Solutions’s dividend payout ratio is currently 36.39%.

Motorola Solutions Company 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.