State of Alaska Department of Revenue Boosts Stake in Motorola Solutions, Inc. (NYSE:MSI)

State of Alaska Department of Revenue raised its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,006 shares of the communications equipment provider’s stock after purchasing an additional 85 shares during the quarter. State of Alaska Department of Revenue’s holdings in Motorola Solutions were worth $6,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MSI. Capital World Investors boosted its holdings in Motorola Solutions by 0.4% during the 4th quarter. Capital World Investors now owns 12,176,768 shares of the communications equipment provider’s stock valued at $3,812,424,000 after acquiring an additional 44,279 shares during the period. Raymond James & Associates boosted its stake in shares of Motorola Solutions by 4.7% during the fourth quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after purchasing an additional 96,421 shares during the period. Norges Bank bought a new position in shares of Motorola Solutions in the fourth quarter worth about $646,341,000. JPMorgan Chase & Co. grew its holdings in shares of Motorola Solutions by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock worth $437,190,000 after purchasing an additional 36,061 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd purchased a new position in Motorola Solutions in the 4th quarter worth about $339,283,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.3 %

Shares of NYSE:MSI opened at $385.52 on Thursday. The company has a market capitalization of $64.30 billion, a PE ratio of 47.65, 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 12-month low of $269.64 and a 12-month high of $391.65. The business’s fifty day simple moving average is $367.27 and its 200-day simple moving average is $343.32.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share 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 business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.02%. Motorola Solutions’s payout ratio is 48.45%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Motorola Solutions

In related news, SVP Rajan Naik sold 5,274 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at approximately $3,341,487.59. The sale was disclosed in a 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 on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the sale, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at $403,625.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rajan Naik sold 5,274 shares of the firm’s 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 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. Insiders sold 9,389 shares of company stock valued at $3,446,461 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

About Motorola Solutions

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.