QRG Capital Management Inc. Cuts Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

QRG Capital Management Inc. reduced its position in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,499 shares of the communications equipment provider’s stock after selling 519 shares during the period. QRG Capital Management Inc.’s holdings in Motorola Solutions were worth $5,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alphinity Investment Management Pty Ltd purchased a new position in shares of Motorola Solutions in the fourth quarter worth $339,283,000. Ameriprise Financial Inc. boosted its position in shares of Motorola Solutions by 67.8% during the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after buying an additional 482,023 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions during the third quarter valued at $77,388,000. International Assets Investment Management LLC boosted its position in shares of Motorola Solutions by 1,208.6% during the fourth quarter. International Assets Investment Management LLC now owns 191,611 shares of the communications equipment provider’s stock valued at $59,991,000 after buying an additional 176,968 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after buying an additional 126,517 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $355.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, May 6th. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Barclays raised their target price on Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.43.

Get Our Latest Stock Analysis on MSI

Motorola Solutions Stock Performance

Shares of NYSE:MSI traded down $2.64 during mid-day trading on Monday, reaching $360.21. 194,611 shares of the company traded hands, compared to its average volume of 661,827. The company’s 50 day moving average price is $346.09 and its 200-day moving average price is $326.69. The firm has a market cap of $60.08 billion, a PE ratio of 44.85, a PEG ratio of 3.19 and a beta of 0.91. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $364.47. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSIGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.38 earnings per share. On average, equities analysts expect that Motorola Solutions, Inc. will post 12.01 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insiders Place Their Bets

In other news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,169 shares of company stock worth $2,803,460. Corporate insiders own 1.26% of the company’s stock.

About Motorola Solutions

(Free Report)

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.

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

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