Zions Bancorporation N.A. Purchases 783 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Zions Bancorporation N.A. lifted its position in Motorola Solutions, Inc. (NYSE:MSI) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,159 shares of the communications equipment provider’s stock after buying an additional 783 shares during the period. Zions Bancorporation N.A.’s holdings in Motorola Solutions were worth $1,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new position in Motorola Solutions in the second quarter worth about $25,000. Beacon Capital Management LLC raised its holdings in Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC raised its holdings in Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Motorola Solutions during the first quarter worth about $28,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Motorola Solutions during the second quarter worth about $29,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $493.70 on Friday. The business’s 50 day moving average price is $458.10 and its 200 day moving average price is $412.66. The firm has a market cap of $82.51 billion, a P/E ratio of 54.07, a P/E/G ratio of 4.15 and a beta of 0.97. Motorola Solutions, Inc. has a 52 week low of $307.09 and a 52 week 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.

Motorola Solutions (NYSE:MSI) last issued its earnings results 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. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 12.26 earnings per share for the current 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 given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 0.88%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio is currently 42.94%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Raymond James boosted their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $493.43.

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.