Wealthfront Advisers LLC Has $980,000 Stake in Motorola Solutions Inc (NYSE:MSI)

Wealthfront Advisers LLC lessened its stake in shares of Motorola Solutions Inc (NYSE:MSI) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,977 shares of the communications equipment provider’s stock after selling 604 shares during the quarter. Wealthfront Advisers LLC’s holdings in Motorola Solutions were worth $980,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSI. Vanguard Group Inc grew its holdings in Motorola Solutions by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after acquiring an additional 280,698 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Motorola Solutions by 261.7% in the 4th quarter. Advisors Asset Management Inc. now owns 11,151 shares of the communications equipment provider’s stock worth $1,283,000 after acquiring an additional 8,068 shares during the last quarter. Redpoint Investment Management Pty Ltd grew its holdings in Motorola Solutions by 93.7% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 7,208 shares of the communications equipment provider’s stock worth $829,000 after acquiring an additional 3,486 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Motorola Solutions by 1.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,146 shares of the communications equipment provider’s stock worth $5,079,000 after acquiring an additional 836 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Motorola Solutions by 10,544.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 4,337,175 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.

In related news, EVP John P. Molloy sold 165,852 shares of Motorola Solutions stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $162.06, for a total transaction of $26,877,975.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel G. Pekofske sold 4,785 shares of Motorola Solutions stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $143.03, for a total transaction of $684,398.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,211 shares of company stock valued at $46,467,434. 2.99% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Friday, May 10th. MKM Partners lifted their target price on shares of Motorola Solutions to $143.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Raymond James set a $160.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Friday, May 3rd. Deutsche Bank lifted their target price on shares of Motorola Solutions from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, Citigroup lifted their target price on shares of Motorola Solutions from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $139.39.

Shares of MSI traded up $0.19 during trading hours on Friday, reaching $160.14. 13,019 shares of the company traded hands, compared to its average volume of 1,031,010. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.85 and a beta of 0.52. Motorola Solutions Inc has a 12 month low of $108.25 and a 12 month high of $164.27.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.20. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.62 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, sell-side analysts expect that Motorola Solutions Inc will post 7.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. Motorola Solutions’s dividend payout ratio (DPR) is currently 33.38%.

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About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications 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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