Retirement Systems of Alabama cut its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 136,742 shares of the communications equipment provider’s stock after selling 1,701 shares during the period. Retirement Systems of Alabama’s holdings in Motorola Solutions were worth $11,861,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of 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 buying an additional 3,174,388 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock valued at $154,973,000 after buying an additional 610,650 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Motorola Solutions by 2.8% in 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 buying an additional 444,109 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Motorola Solutions by 209.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 591,919 shares of the communications equipment provider’s stock valued at $51,036,000 after buying an additional 400,519 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Motorola Solutions by 129.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 548,833 shares of the communications equipment provider’s stock valued at $47,320,000 after buying an additional 309,341 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

Motorola Solutions, Inc. (NYSE:MSI) opened at 88.51 on Thursday. Motorola Solutions, Inc. has a 12 month low of $69.81 and a 12 month high of $92.67. The stock has a market capitalization of $14.47 billion, a P/E ratio of 24.47 and a beta of 0.32. The stock has a 50 day moving average price of $88.90 and a 200 day moving average price of $84.54.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Equities analysts predict that Motorola Solutions, Inc. will post $5.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.

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Several analysts recently commented on MSI shares. Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Raymond James Financial, Inc. raised Motorola Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. reaffirmed a “buy” rating and issued a $102.00 price objective (up previously from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. Cowen and Company cut their price objective on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a report on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $94.33.

In other news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

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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