Renaissance Technologies LLC Decreases Stake in Motorola Solutions Inc (MSI)

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Renaissance Technologies LLC decreased its position in Motorola Solutions Inc (NYSE:MSI) by 36.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 910,815 shares of the communications equipment provider’s stock after selling 513,600 shares during the quarter. Renaissance Technologies LLC owned 0.56% of Motorola Solutions worth $105,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MSI. Global Financial Private Capital LLC boosted its position in Motorola Solutions by 12.1% during the 2nd quarter. Global Financial Private Capital LLC now owns 4,154 shares of the communications equipment provider’s stock valued at $483,000 after purchasing an additional 450 shares during the period. Envestnet Asset Management Inc. boosted its position in Motorola Solutions by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,257 shares of the communications equipment provider’s stock valued at $4,568,000 after purchasing an additional 474 shares during the period. US Bancorp DE boosted its position in Motorola Solutions by 2.2% during the 2nd quarter. US Bancorp DE now owns 23,462 shares of the communications equipment provider’s stock valued at $2,730,000 after purchasing an additional 497 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Motorola Solutions by 3.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,586 shares of the communications equipment provider’s stock valued at $1,746,000 after purchasing an additional 512 shares during the period. Finally, MUFG Americas Holdings Corp boosted its position in Motorola Solutions by 18.2% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,404 shares of the communications equipment provider’s stock valued at $396,000 after purchasing an additional 523 shares during the period. Institutional investors own 86.23% of the company’s stock.

Shares of MSI stock opened at $126.79 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of -3.55. Motorola Solutions Inc has a 1 year low of $82.86 and a 1 year high of $129.20. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.02 and a beta of 0.43.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. equities analysts expect that Motorola Solutions Inc will post 6.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 13th. Motorola Solutions’s dividend payout ratio is presently 40.00%.

A number of research analysts recently issued reports on the company. Credit Suisse Group set a $129.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Tuesday, July 24th. Argus boosted their price target on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Northcoast Research set a $128.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Cowen upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price target for the company in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $130.23.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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