Virtus Fund Advisers LLC Has $92.12 Million Holdings in Motorola Solutions Inc (MSI)

Virtus Fund Advisers LLC lifted its position in shares of Motorola Solutions Inc (NYSE:MSI) by 19.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,013,978 shares of the communications equipment provider’s stock after buying an additional 165,800 shares during the period. Motorola Solutions makes up 0.9% of Virtus Fund Advisers LLC’s holdings, making the stock its 23rd largest holding. Virtus Fund Advisers LLC’s holdings in Motorola Solutions were worth $92,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust boosted its stake in shares of Motorola Solutions by 731.0% during the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after acquiring an additional 1,060 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $168,000. Tower Research Capital LLC TRC purchased a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $188,000. Meeder Asset Management Inc. boosted its stake in shares of Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 874 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Motorola Solutions during the 3rd quarter worth approximately $187,000. 87.13% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Inc (NYSE:MSI) opened at $105.91 on Friday. The company has a debt-to-equity ratio of -2.56, a quick ratio of 1.24 and a current ratio of 1.35. Motorola Solutions Inc has a 12-month low of $78.23 and a 12-month high of $107.78. The stock has a market capitalization of $17,157.42, a P/E ratio of 20.41, a P/E/G ratio of 2.10 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts predict that Motorola Solutions Inc will post 6.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.96%. Motorola Solutions’s dividend payout ratio is currently -192.59%.

Several equities research analysts have recently commented on MSI shares. Jefferies Group boosted their price target on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Thursday, November 9th. Deutsche Bank raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, January 12th. JPMorgan Chase & Co. started coverage on Motorola Solutions in a research note on Friday, February 9th. They set a “neutral” rating and a $115.00 price target on the stock. Finally, BMO Capital Markets boosted their price target on Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $103.27.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 75,830 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $93.12, for a total value of $7,061,289.60. Following the completion of the transaction, the executive vice president now directly owns 51,346 shares in the company, valued at approximately $4,781,339.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John K. Wozniak sold 45,577 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $104.90, for a total value of $4,781,027.30. Following the completion of the transaction, the chief accounting officer now owns 20,099 shares of the company’s stock, valued at $2,108,385.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,248,297 shares of company stock valued at $42,598,147 over the last 90 days. Insiders own 2.50% of the company’s stock.

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Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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