Motorola Solutions, Inc. (NYSE:MSI) is Renaissance Group LLC's 9th Largest Position

Renaissance Group LLC decreased its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,765 shares of the communications equipment provider's stock after selling 6,321 shares during the quarter. Motorola Solutions accounts for approximately 1.7% of Renaissance Group LLC's holdings, making the stock its 9th largest position. Renaissance Group LLC owned approximately 0.05% of Motorola Solutions worth $40,567,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSI. Synergy Asset Management LLC acquired a new position in Motorola Solutions during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of Motorola Solutions during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Motorola Solutions during the fourth quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. bought a new stake in Motorola Solutions during the fourth quarter worth approximately $32,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. StockNews.com lowered Motorola Solutions from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $505.88.

Remove Ads

Motorola Solutions Trading Up 1.6 %

Shares of NYSE:MSI traded up $6.74 during midday trading on Friday, reaching $421.61. The company had a trading volume of 789,902 shares, compared to its average volume of 777,072. The company has a fifty day simple moving average of $430.81 and a two-hundred day simple moving average of $457.33. The firm has a market cap of $70.39 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 3.82 and a beta of 0.94. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

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

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, March 14th. Motorola Solutions's payout ratio is 47.29%.

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.