Zurich Insurance Group Ltd FI Lowers Stake in Motorola Solutions, Inc. (NYSE:MSI)

Zurich Insurance Group Ltd FI lowered its stake in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,897 shares of the communications equipment provider's stock after selling 62,237 shares during the quarter. Zurich Insurance Group Ltd FI owned 0.06% of Motorola Solutions worth $46,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Motorola Solutions during the 4th quarter valued at $1,528,949,000. Norges Bank bought a new position in shares of Motorola Solutions during the 4th quarter valued at $1,073,645,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Motorola Solutions by 330.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider's stock valued at $291,922,000 after purchasing an additional 484,727 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider's stock valued at $1,933,360,000 after purchasing an additional 451,172 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Motorola Solutions by 209.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 559,306 shares of the communications equipment provider's stock valued at $258,528,000 after purchasing an additional 378,462 shares during the last quarter. Hedge funds and other institutional investors own 84.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MSI shares. Barclays reduced their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley increased their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $513.25.

Motorola Solutions Price Performance

Shares of Motorola Solutions stock opened at $425.26 on Tuesday. The firm has a market cap of $70.98 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98. Motorola Solutions, Inc. has a 12-month low of $356.77 and a 12-month high of $507.82. 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 company's fifty day simple moving average is $421.29 and its two-hundred day simple moving average is $450.08.

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

Motorola Solutions Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.