Alliancebernstein L.P. Sells 242,799 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Alliancebernstein L.P. trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,873,636 shares of the communications equipment provider's stock after selling 242,799 shares during the quarter. Alliancebernstein L.P. owned approximately 1.72% of Motorola Solutions worth $1,328,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Motorola Solutions by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 21,179,834 shares of the communications equipment provider's stock valued at $9,789,955,000 after acquiring an additional 310,919 shares during the period. State Street Corp grew its stake in shares of Motorola Solutions by 2.7% in the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider's stock worth $3,358,848,000 after purchasing an additional 198,183 shares during the last quarter. Geode Capital Management LLC increased its holdings in Motorola Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider's stock valued at $1,675,588,000 after purchasing an additional 89,320 shares during the period. Raymond James Financial Inc. bought a new position in Motorola Solutions during the 4th quarter worth $1,528,949,000. Finally, Norges Bank bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $1,073,645,000. Institutional investors own 84.17% of the company's stock.

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Motorola Solutions Stock Up 0.3 %

MSI traded up $1.49 during midday trading on Wednesday, hitting $437.48. The company had a trading volume of 822,612 shares, compared to its average volume of 749,720. The stock's 50 day moving average price is $442.30 and its 200 day moving average price is $459.57. Motorola Solutions, Inc. has a 52 week low of $332.98 and a 52 week high of $507.82. The company has a market capitalization of $73.03 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 3.82 and a beta of 1.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

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

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. Motorola Solutions's payout ratio is currently 47.29%.

Analyst Ratings Changes

A number of research firms recently commented on MSI. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating 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's stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $505.88.

About Motorola Solutions

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.