Wedge Capital Management L L P NC Takes Position in Motorola Solutions (MSI)

Wedge Capital Management L L P NC purchased a new position in shares of Motorola Solutions (NYSE:MSI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 435,503 shares of the communications equipment provider’s stock, valued at approximately $45,858,000. Wedge Capital Management L L P NC owned approximately 0.27% of Motorola Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Motorola Solutions by 3.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,074 shares of the communications equipment provider’s stock valued at $1,452,000 after purchasing an additional 479 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Motorola Solutions by 3.3% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,653 shares of the communications equipment provider’s stock valued at $1,414,000 after purchasing an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Motorola Solutions by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock valued at $1,215,000 after purchasing an additional 517 shares in the last quarter. First Manhattan Co. boosted its stake in shares of Motorola Solutions by 2.2% in the 4th quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock valued at $2,338,000 after purchasing an additional 564 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Motorola Solutions by 10.9% in the 1st quarter. Global X Management Co. LLC now owns 5,958 shares of the communications equipment provider’s stock valued at $627,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Several equities research analysts have recently commented on MSI shares. Citigroup boosted their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. BTIG Research started coverage on shares of Motorola Solutions in a research note on Friday, March 16th. They issued a “buy” rating and a $137.00 target price on the stock. Jefferies Group restated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Deutsche Bank boosted their target price on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Motorola Solutions has a consensus rating of “Buy” and an average price target of $119.25.

In related news, Chairman Gregory Q. Brown sold 185,000 shares of Motorola Solutions stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $109.08, for a total value of $20,179,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Motorola Solutions stock opened at $106.25 on Friday. The company has a debt-to-equity ratio of -3.45, a current ratio of 1.17 and a quick ratio of 1.03. Motorola Solutions has a 12-month low of $107.53 and a 12-month high of $108.32. The stock has a market capitalization of $17.40 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.07 and a beta of 0.34.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 15th will be issued a $0.52 dividend. The ex-dividend date is Thursday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.96%. Motorola Solutions’s dividend payout ratio is 40.00%.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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

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