Aigen Investment Management LP Makes New Investment in Motorola Solutions, Inc. (NYSE:MSI)

Aigen Investment Management LP bought a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 8,532 shares of the communications equipment provider’s stock, valued at approximately $3,836,000. Motorola Solutions accounts for approximately 0.8% of Aigen Investment Management LP’s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Motorola Solutions by 1.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,484 shares of the communications equipment provider’s stock valued at $2,302,000 after buying an additional 99 shares during the period. Empowered Funds LLC boosted its holdings in Motorola Solutions by 11.4% in the first quarter. Empowered Funds LLC now owns 5,490 shares of the communications equipment provider’s stock worth $1,949,000 after acquiring an additional 564 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Motorola Solutions by 17.3% in the first quarter. Atomi Financial Group Inc. now owns 835 shares of the communications equipment provider’s stock valued at $296,000 after acquiring an additional 123 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Motorola Solutions by 7.1% during the first quarter. Bleakley Financial Group LLC now owns 2,893 shares of the communications equipment provider’s stock valued at $1,027,000 after acquiring an additional 193 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Motorola Solutions by 174.3% in the 1st quarter. Entropy Technologies LP now owns 10,748 shares of the communications equipment provider’s stock worth $3,815,000 after purchasing an additional 6,829 shares in the last quarter. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Stock Performance

NYSE:MSI traded up $0.44 during trading hours on Tuesday, reaching $497.40. The stock had a trading volume of 28,813 shares, compared to its average volume of 666,556. Motorola Solutions, Inc. has a 12-month low of $307.09 and a 12-month 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 stock has a 50 day simple moving average of $455.77 and a 200 day simple moving average of $411.01. The stock has a market cap of $82.99 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. On average, research analysts forecast that Motorola Solutions, Inc. will post 12.26 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 42.94%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MSI shares. Barclays lifted their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Bank of America lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.