Soros Capital Management LLC Buys New Stake in Motorola Solutions, Inc. (NYSE:MSI)

Soros Capital Management LLC purchased a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,558 shares of the communications equipment provider’s stock, valued at approximately $701,000.

Several other hedge funds also recently bought and sold shares of MSI. Insight Wealth Partners LLC acquired a new position in Motorola Solutions in the 3rd quarter valued at about $218,000. Hardy Reed LLC acquired a new stake in Motorola Solutions during the third quarter worth approximately $265,000. Townsquare Capital LLC grew its stake in Motorola Solutions by 49.9% in the 3rd quarter. Townsquare Capital LLC now owns 4,724 shares of the communications equipment provider’s stock worth $2,124,000 after acquiring an additional 1,573 shares during the period. Thematics Asset Management raised its holdings in Motorola Solutions by 1.5% in the 3rd quarter. Thematics Asset Management now owns 67,000 shares of the communications equipment provider’s stock valued at $30,125,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Avestar Capital LLC lifted its stake in shares of Motorola Solutions by 10.1% during the 3rd quarter. Avestar Capital LLC now owns 1,239 shares of the communications equipment provider’s stock worth $557,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of recent analyst reports. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James increased their price objective 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. Bank of America boosted their target price 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. Finally, Barclays increased their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions has an average rating of “Buy” and an average target price of $506.29.

Motorola Solutions Stock Up 1.7 %

MSI opened at $496.56 on Wednesday. Motorola Solutions, Inc. has a 1 year low of $307.09 and a 1 year high of $507.82. The firm has a 50 day moving average price of $467.86 and a 200 day moving average price of $422.13. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The company has a market cap of $82.99 billion, a PE ratio of 54.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Sell-side analysts expect that Motorola Solutions, Inc. will post 12.48 earnings per share for the current year.

Motorola Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, December 13th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is currently 42.94%.

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.