Principal Financial Group Inc. Sells 5,279 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Principal Financial Group Inc. decreased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 214,438 shares of the communications equipment provider’s stock after selling 5,279 shares during the quarter. Principal Financial Group Inc.’s holdings in Motorola Solutions were worth $99,120,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MSI. International Assets Investment Management LLC grew its holdings in shares of Motorola Solutions by 59,189.5% in the 3rd quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock valued at $435,064,000 after acquiring an additional 965,972 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Motorola Solutions by 4,447.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock valued at $262,989,000 after acquiring an additional 572,040 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Motorola Solutions by 477.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 311,659 shares of the communications equipment provider’s stock valued at $140,131,000 after acquiring an additional 257,727 shares in the last quarter. State Street Corp grew its holdings in shares of Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after acquiring an additional 198,183 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Motorola Solutions by 29.6% in the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after acquiring an additional 165,353 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 2.9 %

Shares of MSI stock opened at $425.27 on Wednesday. The firm has a 50 day moving average price of $466.51 and a two-hundred day moving average price of $459.69. The company has a quick ratio of 1.07, a current ratio of 1.25 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $71.07 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. Motorola Solutions, Inc. has a 12-month low of $318.20 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. As a group, analysts predict that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSI. Barclays decreased their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Raymond James raised their target price on shares of Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America raised their target price on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $505.88.

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.