Congress Wealth Management LLC DE Sells 3,766 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Congress Wealth Management LLC DE lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 45.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,558 shares of the communications equipment provider’s stock after selling 3,766 shares during the period. Congress Wealth Management LLC DE’s holdings in Motorola Solutions were worth $2,107,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MSI. World Investment Advisors LLC grew its holdings in Motorola Solutions by 5,403.9% in the 3rd quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock valued at $16,061,000 after buying an additional 35,071 shares in the last quarter. Groupama Asset Managment boosted its holdings in Motorola Solutions by 8.6% in the 3rd quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock valued at $263,967,000 after purchasing an additional 46,731 shares during the period. National Pension Service grew its position in shares of Motorola Solutions by 22.9% during the 4th quarter. National Pension Service now owns 470,878 shares of the communications equipment provider’s stock worth $217,654,000 after purchasing an additional 87,722 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Motorola Solutions during the third quarter worth approximately $33,423,000. Finally, Merit Financial Group LLC raised its position in shares of Motorola Solutions by 26.4% in the fourth quarter. Merit Financial Group LLC now owns 3,404 shares of the communications equipment provider’s stock valued at $1,573,000 after buying an additional 712 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSI has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays reduced their price objective on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.88.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $431.54 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30. The stock has a market cap of $72.04 billion, a PE ratio of 46.80, a P/E/G ratio of 3.82 and a beta of 1.03. Motorola Solutions, Inc. has a 12-month low of $332.98 and a 12-month high of $507.82. The business’s 50-day moving average price is $444.71 and its two-hundred day moving average price is $459.53.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. As a group, analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is 47.29%.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.