Ashton Thomas Securities LLC Takes Position in Motorola Solutions, Inc. (NYSE:MSI)

Ashton Thomas Securities LLC bought a new position in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 178 shares of the communications equipment provider’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC increased its holdings in Motorola Solutions by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock valued at $1,038,000 after purchasing an additional 22 shares during the period. Trust Co. of Vermont increased its stake in shares of Motorola Solutions by 9.8% in the third quarter. Trust Co. of Vermont now owns 302 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 27 shares during the period. Beacon Capital Management LLC raised its position in shares of Motorola Solutions by 71.8% during the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares during the last quarter. Range Financial Group LLC lifted its stake in shares of Motorola Solutions by 2.0% in the second quarter. Range Financial Group LLC now owns 1,424 shares of the communications equipment provider’s stock worth $550,000 after acquiring an additional 28 shares during the period. Finally, Vestor Capital LLC boosted its holdings in Motorola Solutions by 4.2% in the third quarter. Vestor Capital LLC now owns 689 shares of the communications equipment provider’s stock valued at $310,000 after acquiring an additional 28 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Up 0.1 %

Shares of NYSE:MSI opened at $497.45 on Wednesday. The business’s 50 day simple moving average is $455.77 and its two-hundred day simple moving average is $411.01. Motorola Solutions, Inc. has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $83.00 billion, a P/E ratio of 54.49, a PEG ratio of 4.24 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 0.79%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s payout ratio is currently 42.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSI shares. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America boosted their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James lifted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Evercore ISI increased their price target on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus 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.