QRG Capital Management Inc. Has $6.13 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

QRG Capital Management Inc. grew its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 13,622 shares of the communications equipment provider’s stock after purchasing an additional 414 shares during the period. QRG Capital Management Inc.’s holdings in Motorola Solutions were worth $6,125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSI. Norden Group LLC acquired a new stake in shares of Motorola Solutions during the first quarter valued at about $216,000. Private Advisor Group LLC raised its position in shares of Motorola Solutions by 2.1% during the first quarter. Private Advisor Group LLC now owns 4,178 shares of the communications equipment provider’s stock worth $1,483,000 after acquiring an additional 84 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Motorola Solutions by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 26,111 shares of the communications equipment provider’s stock worth $9,269,000 after acquiring an additional 186 shares during the last quarter. Avidian Wealth Solutions LLC bought a new position in shares of Motorola Solutions during the first quarter worth about $228,000. Finally, Signaturefd LLC raised its position in shares of Motorola Solutions by 4.9% during the first quarter. Signaturefd LLC now owns 2,759 shares of the communications equipment provider’s stock worth $979,000 after acquiring an additional 128 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE:MSI opened at $461.90 on Wednesday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. Motorola Solutions, Inc. has a 52-week low of $298.63 and a 52-week high of $480.28. The firm has a market cap of $77.06 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.82 and a beta of 0.97. The business’s fifty day moving average is $452.08 and its 200 day moving average is $407.09.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is currently 45.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MSI shares. Jefferies Financial Group raised their price objective on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their target price 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 lifted their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Evercore ISI lifted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $479.50.

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.