Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by Man Group plc

Man Group plc decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,817 shares of the communications equipment provider’s stock after selling 131,820 shares during the quarter. Motorola Solutions comprises about 0.4% of Man Group plc’s investment portfolio, making the stock its 22nd biggest position. Man Group plc owned about 0.21% of Motorola Solutions worth $163,545,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new position in shares of Motorola Solutions in the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in shares of Motorola Solutions in the 4th quarter worth $26,000. First Command Advisory Services Inc. purchased a new position in shares of Motorola Solutions in the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in Motorola Solutions in the fourth quarter valued at about $30,000. Finally, Meeder Asset Management Inc. purchased a new position in Motorola Solutions in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Price Performance

NYSE MSI opened at $413.22 on Wednesday. The stock has a market capitalization of $68.97 billion, a P/E ratio of 44.82, a P/E/G ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a 1 year low of $356.77 and a 1 year high of $507.82. The business’s fifty day moving average is $420.78 and its two-hundred day moving average is $451.00. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $2.81 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, March 14th. Motorola Solutions’s payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MSI shares. JPMorgan Chase & Co. cut their price objective on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays cut their price objective on Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, StockNews.com lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $513.25.

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.