Nationwide Fund Advisors Sells 41,940 Shares of Motorola Solutions, Inc. (MSI)

Nationwide Fund Advisors cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 9.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 409,691 shares of the communications equipment provider’s stock after selling 41,940 shares during the period. Nationwide Fund Advisors owned 0.25% of Motorola Solutions worth $35,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Motorola Solutions by 2.8% during the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock valued at $1,382,661,000 after purchasing an additional 444,109 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after acquiring an additional 3,174,388 shares in the last quarter. State Street Corp boosted its stake in Motorola Solutions by 1.5% in the first quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock valued at $655,179,000 after acquiring an additional 114,685 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Motorola Solutions by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after acquiring an additional 110,330 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after acquiring an additional 118,031 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Motorola Solutions, Inc. (NYSE:MSI) traded down 0.01% during midday trading on Friday, hitting $84.57. 245,675 shares of the stock traded hands. The company has a 50-day moving average price of $87.92 and a 200 day moving average price of $85.68. Motorola Solutions, Inc. has a one year low of $71.24 and a one year high of $93.75. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 22.30 and a beta of 0.33.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Motorola Solutions, Inc. will post $5.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 14th. Motorola Solutions’s payout ratio is 49.60%.

MSI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Thursday, July 27th. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, May 30th. BMO Capital Markets raised their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 31st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $94.08.

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

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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.

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

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