AMG Funds LLC lessened its stake in Motorola Solutions, Inc. (NYSE:MSI) by 26.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,127 shares of the communications equipment provider’s stock after selling 6,409 shares during the quarter. AMG Funds LLC’s holdings in Motorola Solutions were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Cleararc Capital Inc. increased its holdings in shares of Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock worth $349,000 after acquiring an additional 22 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after acquiring an additional 34 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock worth $286,000 after acquiring an additional 42 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after acquiring an additional 42 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in shares of Motorola Solutions by 1.5% in the second quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock worth $268,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

Motorola Solutions, Inc. (NYSE MSI) traded down 1.42% on Friday, hitting $85.12. The stock had a trading volume of 1,583,400 shares. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 22.45 and a beta of 0.33. The company has a 50-day moving average price of $88.47 and a 200-day moving average price of $85.49. Motorola Solutions, Inc. has a 52 week low of $71.24 and a 52 week high of $93.75.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating the 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 business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Motorola Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Motorola Solutions, Inc. will post $5.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a yield of 2.21%. Motorola Solutions’s payout ratio is 49.60%.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction 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 owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several brokerages have issued reports on MSI. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Thursday, July 27th. BMO Capital Markets increased their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Deutsche Bank AG increased their price target on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, Cowen and Company restated a “market perform” rating and issued a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $94.17.

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Motorola Solutions 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.

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

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