State of Michigan Retirement System Raises Position in Motorola Solutions, Inc. (NYSE:MSI)

State of Michigan Retirement System lifted its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,508 shares of the communications equipment provider’s stock after acquiring an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Motorola Solutions were worth $16,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter worth approximately $29,000. Hexagon Capital Partners LLC raised its stake in Motorola Solutions by 78.7% during the first quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 37 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Motorola Solutions during the fourth quarter valued at about $29,000. Motco lifted its stake in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, Northwest Capital Management Inc grew its holdings in shares of Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 40 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the completion of the sale, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the completion of the transaction, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Evercore ISI began coverage on shares of Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. Barclays increased their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $358.86.

Motorola Solutions Stock Performance

MSI stock opened at $386.76 on Wednesday. The business’s 50-day moving average price is $366.44 and its two-hundred day moving average price is $342.78. The firm has a market cap of $64.51 billion, a PE ratio of 47.81, a P/E/G ratio of 3.38 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. As a group, research analysts forecast that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be given a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.01%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

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.