Assenagon Asset Management S.A. Has $24.74 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

Assenagon Asset Management S.A. trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 82.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,528 shares of the communications equipment provider's stock after selling 258,131 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Motorola Solutions were worth $24,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MSI. FSA Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions during the third quarter valued at $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the second quarter valued at about $32,000. Planning Capital Management Corp acquired a new position in Motorola Solutions in the 3rd quarter worth about $32,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Motorola Solutions in the 3rd quarter worth about $33,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE:MSI traded up $4.29 during mid-day trading on Friday, hitting $466.99. 176,385 shares of the company's stock traded hands, compared to its average volume of 664,638. The firm has a market capitalization of $78.04 billion, a price-to-earnings ratio of 51.17, a price-to-earnings-growth ratio of 3.35 and a beta of 1.01. The firm has a 50 day moving average of $478.15 and a two-hundred day moving average of $446.87. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. Motorola Solutions, Inc. has a 12 month low of $314.84 and a 12 month high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.76 billion. On average, equities analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a dividend of $1.09 per share. The ex-dividend date was Friday, December 13th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Motorola Solutions's previous quarterly dividend of $0.98. Motorola Solutions's dividend payout ratio is currently 47.75%.

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent research reports. Morgan Stanley boosted their price target on Motorola Solutions from $430.00 to $495.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bank of America raised their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Barclays raised their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an "overweight" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $504.88.

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.