Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Renaissance Group LLC

Renaissance Group LLC lessened its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,765 shares of the communications equipment provider’s stock after selling 6,321 shares during the quarter. Motorola Solutions makes up about 1.7% of Renaissance Group LLC’s portfolio, making the stock its 9th biggest holding. Renaissance Group LLC’s holdings in Motorola Solutions were worth $40,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centiva Capital LP acquired a new position in shares of Motorola Solutions during the third quarter worth about $330,000. Morse Asset Management Inc lifted its position in Motorola Solutions by 2.3% during the 3rd quarter. Morse Asset Management Inc now owns 1,555 shares of the communications equipment provider’s stock worth $699,000 after acquiring an additional 35 shares in the last quarter. Insigneo Advisory Services LLC purchased a new position in Motorola Solutions in the 3rd quarter worth approximately $348,000. EP Wealth Advisors LLC grew its position in Motorola Solutions by 6.7% in the third quarter. EP Wealth Advisors LLC now owns 1,819 shares of the communications equipment provider’s stock valued at $818,000 after acquiring an additional 114 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of Motorola Solutions by 32.5% during the third quarter. iA Global Asset Management Inc. now owns 4,583 shares of the communications equipment provider’s stock valued at $2,061,000 after purchasing an additional 1,124 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSI shares. Morgan Stanley upped their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays dropped their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $403.31 on Tuesday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a one year low of $332.98 and a one year high of $507.82. The company’s 50-day simple moving average is $437.96 and its 200-day simple moving average is $459.01.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.10). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. Equities analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.08%. Motorola Solutions’s payout ratio is currently 47.29%.

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.