Rhumbline Advisers Lowers Stake in Motorola Solutions, Inc. (NYSE:MSI)

Rhumbline Advisers lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,135 shares of the communications equipment provider’s stock after selling 2,678 shares during the quarter. Rhumbline Advisers owned 0.21% of Motorola Solutions worth $159,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSI. Creative Planning grew its holdings in shares of Motorola Solutions by 9.4% during the 3rd quarter. Creative Planning now owns 27,171 shares of the communications equipment provider’s stock valued at $12,217,000 after purchasing an additional 2,324 shares during the last quarter. Good Life Advisors LLC grew its holdings in shares of Motorola Solutions by 17.1% during the 3rd quarter. Good Life Advisors LLC now owns 1,240 shares of the communications equipment provider’s stock valued at $558,000 after purchasing an additional 181 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Motorola Solutions by 4.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,053 shares of the communications equipment provider’s stock valued at $1,373,000 after purchasing an additional 138 shares during the last quarter. Marshall Financial Group LLC grew its holdings in shares of Motorola Solutions by 1.8% during the 3rd quarter. Marshall Financial Group LLC now owns 2,724 shares of the communications equipment provider’s stock valued at $1,225,000 after purchasing an additional 49 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Motorola Solutions during the 3rd quarter valued at $221,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MSI shares. Morgan Stanley increased their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a report on Friday. Barclays reduced their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday. Raymond James raised their price target on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.com lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America raised their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Trading Down 6.2 %

Shares of MSI opened at $437.35 on Friday. The firm’s 50-day moving average price is $468.39 and its 200-day moving average price is $458.26. The firm has a market capitalization of $73.09 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 3.54 and a beta of 1.02. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 1-year low of $318.20 and a 1-year high of $507.82.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.57 EPS for the current year.

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.