Oppenheimer & Co. Inc. Has $1.07 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Oppenheimer & Co. Inc. lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.3% during the third quarter, Holdings Channel.com reports. The fund owned 2,379 shares of the communications equipment provider’s stock after selling 32 shares during the period. Oppenheimer & Co. Inc.’s holdings in Motorola Solutions were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MFA Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at about $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. LRI Investments LLC increased its position in shares of Motorola Solutions by 871.4% in the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions in the third quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the second quarter valued at about $29,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $490.35 on Tuesday. Motorola Solutions, Inc. has a 12 month low of $307.09 and a 12 month high of $507.82. The stock’s 50 day moving average is $461.40 and its 200-day moving average is $416.37. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 4.09 and a beta of 0.97.

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

Motorola Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $1.09 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is 42.94%.

Analyst Upgrades and Downgrades

MSI has been the topic of a number of recent analyst reports. 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 report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. 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 report on Wednesday, October 23rd. Finally, 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 report on Tuesday, September 3rd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $493.43.

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.