Wedge Capital Management L L P NC trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,180 shares of the communications equipment provider’s stock after selling 83,293 shares during the period. Wedge Capital Management L L P NC owned approximately 0.36% of Motorola Solutions worth $50,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Gyroscope Capital Management Group LLC raised its holdings in shares of Motorola Solutions by 1.0% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after acquiring an additional 32 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Motorola Solutions by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after buying an additional 34 shares during the period. Pitcairn Co. raised its holdings in Motorola Solutions by 0.5% during the 2nd quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after buying an additional 42 shares during the period. Capital Investment Advisors LLC raised its holdings in Motorola Solutions by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock valued at $268,000 after buying an additional 46 shares during the period. Finally, Rothschild Asset Management Inc. raised its holdings in Motorola Solutions by 0.8% during the 2nd quarter. Rothschild Asset Management Inc. now owns 6,597 shares of the communications equipment provider’s stock valued at $572,000 after buying an additional 51 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Motorola Solutions, Inc. (NYSE MSI) traded up $3.69 during mid-day trading on Friday, reaching $94.25. The company had a trading volume of 1,576,908 shares, compared to its average volume of 769,310. The company has a debt-to-equity ratio of -4.53, a quick ratio of 1.17 and a current ratio of 1.33. Motorola Solutions, Inc. has a 12 month low of $72.54 and a 12 month high of $94.94. The company has a market capitalization of $15.27 billion, a P/E ratio of 17.51, a P/E/G ratio of 3.45 and a beta of 0.33.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 88.13% and a net margin of 10.51%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Motorola Solutions, Inc. will post 5.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. The ex-dividend date is Thursday, December 14th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.21%. Motorola Solutions’s dividend payout ratio (DPR) is 48.08%.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

MSI has been the topic of several recent research reports. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Motorola Solutions in a research report on Tuesday, August 22nd. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $94.83.

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Motorola Solutions Company Profile

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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

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