Motorola Solutions Inc (MSI) Position Reduced by Wakefield Asset Management LLLP

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Wakefield Asset Management LLLP cut its holdings in Motorola Solutions Inc (NYSE:MSI) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,938 shares of the communications equipment provider’s stock after selling 7,541 shares during the period. Motorola Solutions accounts for about 1.4% of Wakefield Asset Management LLLP’s portfolio, making the stock its 16th largest holding. Wakefield Asset Management LLLP’s holdings in Motorola Solutions were worth $3,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSI. National Pension Service increased its position in shares of Motorola Solutions by 6.4% during the fourth quarter. National Pension Service now owns 185,977 shares of the communications equipment provider’s stock worth $25,514,000 after acquiring an additional 11,220 shares during the period. Legal & General Group Plc increased its position in shares of Motorola Solutions by 11.6% during the fourth quarter. Legal & General Group Plc now owns 1,096,430 shares of the communications equipment provider’s stock worth $125,999,000 after acquiring an additional 113,999 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Motorola Solutions by 358.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,885 shares of the communications equipment provider’s stock worth $3,668,000 after acquiring an additional 24,923 shares during the period. Worldquant Millennium Quantitative Strategies LLC increased its position in shares of Motorola Solutions by 16.0% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 114,454 shares of the communications equipment provider’s stock worth $13,167,000 after acquiring an additional 15,809 shares during the period. Finally, Cipher Capital LP increased its position in shares of Motorola Solutions by 66.9% during the fourth quarter. Cipher Capital LP now owns 11,757 shares of the communications equipment provider’s stock worth $1,353,000 after acquiring an additional 4,711 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

NYSE MSI traded down $1.21 during trading hours on Monday, hitting $137.43. The company had a trading volume of 2,673 shares, compared to its average volume of 885,112. Motorola Solutions Inc has a 1-year low of $103.18 and a 1-year high of $144.94. The company has a market capitalization of $22.72 billion, a PE ratio of 20.15, a P/E/G ratio of 2.36 and a beta of 0.60.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.22. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Motorola Solutions’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Motorola Solutions Inc will post 7.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.57 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.28 annualized dividend and a yield of 1.66%. Motorola Solutions’s dividend payout ratio is presently 33.38%.

In other Motorola Solutions news, EVP Kelly S. Mark sold 13,600 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $142.71, for a total value of $1,940,856.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John P. Molloy sold 79,995 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $139.42, for a total transaction of $11,152,902.90. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Several equities analysts recently commented on MSI shares. TheStreet raised Motorola Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, February 26th. Zacks Investment Research reissued a “buy” rating and issued a $129.00 target price on shares of Motorola Solutions in a report on Monday, December 31st. Raymond James set a $136.00 target price on Motorola Solutions and gave the company a “buy” rating in a report on Monday, December 3rd. Credit Suisse Group reissued a “buy” rating and issued a $137.00 target price on shares of Motorola Solutions in a report on Thursday, December 20th. Finally, Deutsche Bank increased their target price on Motorola Solutions to $150.00 and gave the company a “buy” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Motorola Solutions presently has an average rating of “Buy” and an average target price of $131.04.

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About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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