Renaissance Technologies LLC Has $48.13 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Renaissance Technologies LLC grew its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 141.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,115 shares of the communications equipment provider's stock after acquiring an additional 61,000 shares during the period. Renaissance Technologies LLC owned 0.06% of Motorola Solutions worth $48,125,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Morse Asset Management Inc boosted its stake in Motorola Solutions by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,555 shares of the communications equipment provider's stock valued at $699,000 after purchasing an additional 35 shares during the period. LRI Investments LLC increased its holdings in shares of Motorola Solutions by 75.0% during the third quarter. LRI Investments LLC now owns 119 shares of the communications equipment provider's stock worth $59,000 after purchasing an additional 51 shares during the period. Continuum Advisory LLC raised its position in shares of Motorola Solutions by 44.3% in the third quarter. Continuum Advisory LLC now owns 127 shares of the communications equipment provider's stock valued at $63,000 after buying an additional 39 shares in the last quarter. Barclays PLC grew its position in Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider's stock worth $325,455,000 after buying an additional 165,353 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Motorola Solutions by 2.8% during the 3rd quarter. M&T Bank Corp now owns 18,410 shares of the communications equipment provider's stock worth $8,278,000 after acquiring an additional 497 shares during the period. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Motorola Solutions Price Performance

Shares of MSI traded up $4.12 during mid-day trading on Tuesday, reaching $430.57. The company had a trading volume of 315,256 shares, compared to its average volume of 777,609. The company has a market capitalization of $71.89 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 3.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. The company's 50 day simple moving average is $429.72 and its 200 day simple moving average is $457.19. Motorola Solutions, Inc. has a 1-year low of $332.98 and a 1-year high of $507.82.

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

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.01%. Motorola Solutions's dividend payout ratio (DPR) is presently 47.29%.

Analysts Set New Price Targets

MSI has been the topic of several analyst reports. Morgan Stanley increased their target price on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Barclays cut their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, StockNews.com lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.