Assenagon Asset Management S.A. Has $44.17 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Assenagon Asset Management S.A. increased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 88.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,893 shares of the communications equipment provider’s stock after acquiring an additional 47,365 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Motorola Solutions worth $44,172,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Center for Financial Planning Inc. boosted its holdings in Motorola Solutions by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 5,055 shares of the communications equipment provider’s stock valued at $2,337,000 after purchasing an additional 25 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in Motorola Solutions by 11.9% in the 4th quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider’s stock valued at $109,000 after purchasing an additional 25 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Motorola Solutions by 22.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider’s stock worth $63,000 after acquiring an additional 25 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock worth $294,000 after acquiring an additional 26 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Motorola Solutions by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider’s stock worth $576,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Buying and Selling

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total transaction of $449,243.64. Following the transaction, the chief accounting officer now owns 804 shares of the company’s stock, valued at $336,618.72. This trade represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.44% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSI shares. Morgan Stanley raised their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Barclays cut their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $513.25.

Motorola Solutions Stock Up 0.8%

Shares of NYSE:MSI opened at $412.39 on Friday. Motorola Solutions, Inc. has a one year low of $370.00 and a one year high of $507.82. The company has a 50 day moving average of $418.68 and a 200-day moving average of $442.01. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock has a market cap of $68.83 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 3.82 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $2.81 EPS. Motorola Solutions’s revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 1.06%. The ex-dividend date 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.