Verition Fund Management LLC Trims Holdings in Motorola Solutions Inc (MSI)

Verition Fund Management LLC reduced its holdings in shares of Motorola Solutions Inc (NYSE:MSI) by 63.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,292 shares of the communications equipment provider’s stock after selling 7,554 shares during the period. Verition Fund Management LLC’s holdings in Motorola Solutions were worth $388,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC increased its holdings in Motorola Solutions by 60.5% during the third quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock valued at $1,012,000 after buying an additional 4,495 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Motorola Solutions by 9.2% during the third quarter. Great West Life Assurance Co. Can now owns 219,136 shares of the communications equipment provider’s stock valued at $18,388,000 after buying an additional 18,426 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Motorola Solutions by 235.6% during the third quarter. Macquarie Group Ltd. now owns 9,732 shares of the communications equipment provider’s stock valued at $826,000 after buying an additional 6,832 shares during the last quarter. Arizona State Retirement System increased its holdings in Motorola Solutions by 2.9% during the fourth quarter. Arizona State Retirement System now owns 113,002 shares of the communications equipment provider’s stock valued at $10,209,000 after buying an additional 3,160 shares during the last quarter. Finally, Exane Derivatives boosted its position in shares of Motorola Solutions by 19.2% in the fourth quarter. Exane Derivatives now owns 25,512 shares of the communications equipment provider’s stock worth $2,304,000 after purchasing an additional 4,117 shares during the period. 87.93% of the stock is owned by institutional investors and hedge funds.

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In related news, Chairman Gregory Q. Brown sold 187,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,394,467 shares of company stock valued at $62,068,687. 2.50% of the stock is owned by company insiders.

Motorola Solutions stock opened at $104.28 on Friday. The company has a debt-to-equity ratio of -2.56, a quick ratio of 1.24 and a current ratio of 1.35. Motorola Solutions Inc has a 12-month low of $79.63 and a 12-month high of $110.29. The firm has a market cap of $16,821.20, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.07 and a beta of 0.32.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. Motorola Solutions’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts expect that Motorola Solutions Inc will post 6.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.99%. Motorola Solutions’s dividend payout ratio is -192.59%.

A number of equities analysts have weighed in on MSI shares. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, January 12th. Citigroup upped their price target on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price target on shares of Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, MKM Partners upped their price target on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $114.17.

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Motorola Solutions 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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