Concurrent Investment Advisors LLC Has $1.87 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Concurrent Investment Advisors LLC lowered its position in Motorola Solutions, Inc. (NYSE:MSI) by 34.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,159 shares of the communications equipment provider’s stock after selling 2,183 shares during the period. Concurrent Investment Advisors LLC’s holdings in Motorola Solutions were worth $1,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norden Group LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth $216,000. Private Advisor Group LLC raised its holdings in Motorola Solutions by 2.1% during the first quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider’s stock valued at $1,483,000 after buying an additional 84 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Motorola Solutions by 3.4% in the first quarter. Empirical Finance LLC now owns 6,034 shares of the communications equipment provider’s stock worth $2,142,000 after buying an additional 200 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Motorola Solutions by 1.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,484 shares of the communications equipment provider’s stock worth $2,302,000 after acquiring an additional 99 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Motorola Solutions by 11.4% during the 1st quarter. Empowered Funds LLC now owns 5,490 shares of the communications equipment provider’s stock valued at $1,949,000 after acquiring an additional 564 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.2 %

MSI stock opened at $470.00 on Friday. Motorola Solutions, Inc. has a twelve month low of $305.73 and a twelve month high of $480.28. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. The company has a market cap of $78.41 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97. The business’s 50-day simple moving average is $452.76 and its 200 day simple moving average is $407.52.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio is presently 45.90%.

Wall Street Analysts Forecast Growth

MSI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America boosted their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI boosted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Buy” and an average price target of $479.50.

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.