Quantitative Investment Management LLC lifted its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 84.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,000 shares of the communications equipment provider’s stock after acquiring an additional 37,900 shares during the quarter. Quantitative Investment Management LLC owned 0.05% of Motorola Solutions worth $7,498,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new stake in shares of Motorola Solutions during the 4th quarter worth $1,018,000. Renaissance Technologies LLC boosted its stake in shares of Motorola Solutions by 70.1% during the 4th quarter. Renaissance Technologies LLC now owns 811,415 shares of the communications equipment provider’s stock worth $73,303,000 after acquiring an additional 334,300 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Motorola Solutions by 42.0% during the 4th quarter. MML Investors Services LLC now owns 5,647 shares of the communications equipment provider’s stock worth $510,000 after acquiring an additional 1,671 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Motorola Solutions during the 4th quarter worth $63,196,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Motorola Solutions by 12.0% during the 4th quarter. Alliancebernstein L.P. now owns 425,031 shares of the communications equipment provider’s stock worth $38,397,000 after acquiring an additional 45,617 shares in the last quarter. 87.93% of the stock is owned by institutional investors and hedge funds.
Shares of Motorola Solutions Inc (MSI) opened at $109.09 on Monday. The stock has a market capitalization of $17,597.04, a price-to-earnings ratio of -101.01, a PEG ratio of 2.16 and a beta of 0.32. Motorola Solutions Inc has a 1-year low of $79.63 and a 1-year high of $109.49. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.91%. Motorola Solutions’s payout ratio is currently -192.59%.
In related news, CAO John K. Wozniak sold 45,577 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the completion of the sale, the chief accounting officer now directly owns 20,099 shares in the company, valued at $2,108,385.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here. Insiders sold 1,022,467 shares of company stock valued at $21,563,857 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.
Several equities research analysts have recently weighed in on MSI shares. Citigroup raised their price objective on Motorola Solutions from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Deutsche Bank raised their price objective on Motorola Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Raymond James Financial set a $120.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, February 23rd. Northcoast Research set a $115.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $112.09.
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About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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