Ceredex Value Advisors LLC Acquires New Stake in Motorola Solutions (MSI)

Ceredex Value Advisors LLC acquired a new stake in shares of Motorola Solutions (NYSE:MSI) during the first quarter, Holdings Channel reports. The firm acquired 602,125 shares of the communications equipment provider’s stock, valued at approximately $63,717,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Motorola Solutions by 232.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,732 shares of the communications equipment provider’s stock valued at $4,710,000 after purchasing an additional 31,282 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Motorola Solutions by 3.4% during the first quarter. Gulf International Bank UK Ltd now owns 51,350 shares of the communications equipment provider’s stock valued at $5,407,000 after purchasing an additional 1,700 shares during the period. Teacher Retirement System of Texas increased its position in shares of Motorola Solutions by 201.2% during the first quarter. Teacher Retirement System of Texas now owns 301,647 shares of the communications equipment provider’s stock valued at $31,763,000 after purchasing an additional 201,515 shares during the period. Burney Co. bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $3,212,000. Finally, Stevens Capital Management LP increased its position in shares of Motorola Solutions by 146.6% during the first quarter. Stevens Capital Management LP now owns 95,663 shares of the communications equipment provider’s stock valued at $10,073,000 after purchasing an additional 56,863 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Shares of NYSE:MSI opened at $106.25 on Friday. Motorola Solutions has a fifty-two week low of $107.53 and a fifty-two week high of $108.32. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.08 and a beta of 0.34. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of -3.45.

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

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Thursday, May 10th. Credit Suisse Group assumed coverage on Motorola Solutions in a research report on Wednesday, May 9th. They issued an “outperform” rating and a $129.00 price target on the stock. BMO Capital Markets upped their price target on Motorola Solutions from $116.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Northcoast Research set a $120.00 price target on Motorola Solutions and gave the company a “buy” rating in a research report on Wednesday, April 11th. Finally, BTIG Research assumed coverage on Motorola Solutions in a research report on Friday, March 16th. They issued a “buy” rating and a $137.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and an average target price of $119.25.

In other Motorola Solutions news, Chairman Gregory Q. Brown sold 185,000 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

Motorola Solutions Company Profile

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.

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

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