Wedgewood Partners Inc. Reduces Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Wedgewood Partners Inc. lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,490 shares of the communications equipment provider's stock after selling 2,619 shares during the quarter. Motorola Solutions makes up 5.1% of Wedgewood Partners Inc.'s holdings, making the stock its 11th biggest holding. Wedgewood Partners Inc.'s holdings in Motorola Solutions were worth $26,112,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Synergy Asset Management LLC bought a new stake in Motorola Solutions in the fourth quarter worth approximately $25,000. Crews Bank & Trust bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $32,000. Institutional investors own 84.17% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wall Street Zen cut Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday. Barclays reduced their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions has an average rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock traded down $4.75 during trading on Thursday, hitting $421.69. 623,782 shares of the stock traded hands, compared to its average volume of 789,219. 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 $70.39 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 3.82 and a beta of 0.98. The firm's fifty day moving average is $421.64 and its 200-day moving average is $449.73. Motorola Solutions, Inc. has a 52 week low of $356.77 and a 52 week high of $507.82.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.01 by $0.17. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.03%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Motorola Solutions Company 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.