Wedge Capital Management L L P NC cut its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 10.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 672,473 shares of the communications equipment provider’s stock after selling 79,782 shares during the period. Wedge Capital Management L L P NC owned approximately 0.41% of Motorola Solutions worth $58,330,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Motorola Solutions by 11.4% in the second quarter. First Trust Advisors LP now owns 398,116 shares of the communications equipment provider’s stock worth $34,533,000 after buying an additional 40,699 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Motorola Solutions by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 624,195 shares of the communications equipment provider’s stock worth $54,143,000 after buying an additional 38,642 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Motorola Solutions by 1.8% in the second quarter. Wetherby Asset Management Inc. now owns 3,748 shares of the communications equipment provider’s stock worth $325,000 after buying an additional 65 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Motorola Solutions by 5.3% in the second quarter. Global X Management Co. LLC now owns 8,317 shares of the communications equipment provider’s stock worth $721,000 after buying an additional 422 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in shares of Motorola Solutions by 16.0% in the second quarter. Advisor Partners LLC now owns 4,516 shares of the communications equipment provider’s stock worth $392,000 after buying an additional 624 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Motorola Solutions, Inc. (NYSE MSI) opened at 87.48 on Friday. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 23.07 and a beta of 0.32. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The company’s 50-day moving average is $88.93 and its 200 day moving average is $84.60.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders 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 yield of 2.15%. The ex-dividend date of this dividend was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is presently 49.60%.

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A number of equities analysts have recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Motorola Solutions in a research note on Wednesday. Cowen and Company reiterated a “market perform” rating and set a $83.00 target price (up previously from $75.00) on shares of Motorola Solutions in a research report on Wednesday. Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research report on Tuesday. Deutsche Bank AG increased their target price on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets increased their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $94.33.

In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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.

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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