Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,308 shares of the communications equipment provider’s stock after selling 100 shares during the quarter. State of Michigan Retirement System’s holdings in Motorola Solutions were worth $19,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSI. Perennial Investment Advisors LLC grew its stake in shares of Motorola Solutions by 14.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider’s stock worth $383,000 after purchasing an additional 104 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth $208,000. Proficio Capital Partners LLC grew its stake in shares of Motorola Solutions by 22.6% during the 4th quarter. Proficio Capital Partners LLC now owns 683 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 126 shares during the period. Independent Advisor Alliance acquired a new position in shares of Motorola Solutions during the 4th quarter worth $855,000. Finally, King Luther Capital Management Corp grew its stake in shares of Motorola Solutions by 7.1% during the 4th quarter. King Luther Capital Management Corp now owns 1,058 shares of the communications equipment provider’s stock worth $489,000 after purchasing an additional 70 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Wolfe Research began coverage on shares of Motorola Solutions in a research report on Monday. They issued a “peer perform” rating on the stock. Finally, Barclays decreased their price objective on shares of Motorola Solutions from $527.00 to $511.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.25.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction dated 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 directly owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Price Performance

NYSE:MSI opened at $416.50 on Friday. The firm has a market cap of $69.52 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. The company’s 50-day moving average is $416.32 and its two-hundred day moving average is $432.45. Motorola Solutions, Inc. has a 12-month low of $385.17 and a 12-month high of $507.82.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 EPS. Research analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued 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 1.05%. Motorola Solutions’s payout ratio is currently 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.