Amica Mutual Insurance Co. Sells 2,822 Shares of Motorola Solutions Inc (MSI)

Amica Mutual Insurance Co. cut its holdings in Motorola Solutions Inc (NYSE:MSI) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,808 shares of the communications equipment provider’s stock after selling 2,822 shares during the period. Amica Mutual Insurance Co.’s holdings in Motorola Solutions were worth $525,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. OppenheimerFunds Inc. boosted its holdings in Motorola Solutions by 572.8% during the fourth quarter. OppenheimerFunds Inc. now owns 2,729,002 shares of the communications equipment provider’s stock valued at $246,538,000 after acquiring an additional 2,323,370 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Motorola Solutions by 7,586.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 439,493 shares of the communications equipment provider’s stock valued at $39,704,000 after acquiring an additional 433,775 shares during the period. Bank of New York Mellon Corp boosted its holdings in Motorola Solutions by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock valued at $200,372,000 after acquiring an additional 193,079 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Motorola Solutions by 8.9% during the third quarter. Artisan Partners Limited Partnership now owns 2,312,861 shares of the communications equipment provider’s stock valued at $196,293,000 after acquiring an additional 188,573 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Motorola Solutions by 60.6% during the third quarter. Bessemer Group Inc. now owns 484,444 shares of the communications equipment provider’s stock valued at $41,114,000 after acquiring an additional 182,730 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

In related news, EVP Mark S. Hacker sold 7,411 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $95.00, for a total value of $704,045.00. Following the completion of the sale, the executive vice president now owns 16,396 shares in the company, valued at $1,557,620. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO John K. Wozniak sold 45,577 shares of the stock in a transaction dated Monday, February 5th. The shares were 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 owns 20,099 shares of the company’s stock, valued at approximately $2,108,385.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,148,297 shares of company stock valued at $33,341,147. 2.50% of the stock is owned by corporate insiders.

Shares of Motorola Solutions Inc (NYSE MSI) opened at $106.73 on Friday. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. Motorola Solutions Inc has a one year low of $78.42 and a one year high of $107.78. The firm has a market cap of $16,893.74, a PE ratio of -98.82, a P/E/G ratio of 2.07 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. research analysts forecast that Motorola Solutions Inc will post 6.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, March 14th. Motorola Solutions’s payout ratio is presently -192.59%.

A number of research firms have issued reports on MSI. Raymond James Financial began coverage on shares of Motorola Solutions in a report on Friday. They set an “outperform” rating for the company. Northcoast Research set a $115.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Motorola Solutions in a report on Friday, February 9th. They set a “neutral” rating and a $115.00 price target for the company. MKM Partners upped their price target on shares of Motorola Solutions to $116.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Finally, Citigroup upped their price target on shares of Motorola Solutions from $112.00 to $120.00 and gave the company a “buy” rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.91.

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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.

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

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