Cardinal Point Capital Management ULC Sells 434 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Cardinal Point Capital Management ULC cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,446 shares of the communications equipment provider’s stock after selling 434 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Motorola Solutions were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its stake in Motorola Solutions by 18.2% in the second quarter. LPL Financial LLC now owns 102,605 shares of the communications equipment provider’s stock valued at $39,610,000 after acquiring an additional 15,831 shares during the period. American Century Companies Inc. lifted its holdings in shares of Motorola Solutions by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 48,666 shares of the communications equipment provider’s stock valued at $18,788,000 after purchasing an additional 12,048 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at approximately $35,000. Parallel Advisors LLC increased its stake in Motorola Solutions by 3.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,463 shares of the communications equipment provider’s stock worth $951,000 after purchasing an additional 83 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in Motorola Solutions by 6.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 874 shares of the communications equipment provider’s stock worth $337,000 after buying an additional 55 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSI shares. Bank of America upped their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their price target on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Raymond James upped their price objective on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $504.88.

Motorola Solutions Trading Up 0.4 %

Shares of Motorola Solutions stock opened at $457.10 on Tuesday. Motorola Solutions, Inc. has a 12-month low of $314.08 and a 12-month high of $507.82. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The business’s 50 day moving average is $478.37 and its 200-day moving average is $446.26. The stock has a market cap of $76.39 billion, a P/E ratio of 50.07, a P/E/G ratio of 3.70 and a beta of 1.01.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Equities research analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $1.09 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is currently 47.75%.

Motorola Solutions 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.