Nationwide Fund Advisors boosted its position in shares of Motorola Solutions Inc (NYSE:MSI) by 8.7% during the first quarter, Holdings Channel reports. The institutional investor owned 451,631 shares of the communications equipment provider’s stock after buying an additional 36,193 shares during the period. Nationwide Fund Advisors owned about 0.27% of Motorola Solutions worth $38,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Essex Financial Services Inc. boosted its position in shares of Motorola Solutions by 0.5% in the fourth quarter. Essex Financial Services Inc. now owns 8,742 shares of the communications equipment provider’s stock worth $725,000 after buying an additional 42 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Motorola Solutions by 0.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,898 shares of the communications equipment provider’s stock worth $872,000 after buying an additional 50 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Motorola Solutions by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,961 shares of the communications equipment provider’s stock worth $577,000 after buying an additional 62 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Motorola Solutions by 2.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,028 shares of the communications equipment provider’s stock worth $307,000 after buying an additional 87 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Motorola Solutions by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,719 shares of the communications equipment provider’s stock worth $309,000 after buying an additional 104 shares in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

Shares of Motorola Solutions Inc (NYSE:MSI) traded down 0.45% during trading on Friday, hitting $83.72. The stock had a trading volume of 762,152 shares. The stock has a 50 day moving average of $83.24 and a 200 day moving average of $80.41. Motorola Solutions Inc has a 12 month low of $62.76 and a 12 month high of $87.55. The company has a market cap of $13.79 billion, a PE ratio of 25.84 and a beta of 0.45.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 2nd. The communications equipment provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.18. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Motorola Solutions had a negative return on equity of 134.65% and a net margin of 9.26%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Equities analysts forecast that Motorola Solutions Inc will post $5.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, March 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.25%. Motorola Solutions’s dividend payout ratio is 57.49%.

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A number of brokerages have recently commented on MSI. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price target on shares of Motorola Solutions in a research report on Tuesday, March 21st. Jefferies Group LLC raised Motorola Solutions from a “hold” rating to a “buy” rating and increased their price objective for the stock from $75.00 to $100.00 in a report on Tuesday, March 21st. Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Monday, February 6th. Citigroup Inc raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Monday, January 23rd. Finally, Goldman Sachs Group Inc increased their price objective on Motorola Solutions from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.50.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

5 Day Chart for NYSE:MSI

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