Motorola Solutions, Inc. (NYSE:MSI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in shares of Motorola Solutions, Inc. (NYSE:MSIGet Rating) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,255,523 shares of the communications equipment provider’s stock after selling 22,759 shares during the quarter. California Public Employees Retirement System’s holdings in Motorola Solutions were worth $304,088,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Motorola Solutions by 4.5% in the fourth quarter. BlackRock Inc. now owns 14,324,480 shares of the communications equipment provider’s stock valued at $3,891,960,000 after acquiring an additional 616,253 shares in the last quarter. Capital World Investors grew its position in Motorola Solutions by 2.7% in the fourth quarter. Capital World Investors now owns 10,153,849 shares of the communications equipment provider’s stock valued at $2,758,801,000 after acquiring an additional 268,934 shares in the last quarter. State Street Corp grew its position in Motorola Solutions by 3.3% in the fourth quarter. State Street Corp now owns 7,436,180 shares of the communications equipment provider’s stock valued at $2,026,120,000 after acquiring an additional 234,410 shares in the last quarter. Geode Capital Management LLC grew its position in Motorola Solutions by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 3,117,405 shares of the communications equipment provider’s stock valued at $844,840,000 after acquiring an additional 120,091 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Motorola Solutions by 8.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,947,725 shares of the communications equipment provider’s stock valued at $800,897,000 after acquiring an additional 220,885 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Motorola Solutions Price Performance

Shares of MSI opened at $230.25 on Thursday. The business’s fifty day moving average price is $214.16 and its 200 day moving average price is $222.89. Motorola Solutions, Inc. has a 12-month low of $195.18 and a 12-month high of $273.65. The stock has a market capitalization of $38.52 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.90.

Motorola Solutions (NYSE:MSIGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Motorola Solutions had a negative return on equity of 633.02% and a net margin of 15.30%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that Motorola Solutions, Inc. will post 9.01 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 43.35%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MSI shares. Loop Capital began coverage on shares of Motorola Solutions in a research report on Monday, April 25th. They issued a “buy” rating and a $295.00 price objective for the company. Credit Suisse Group increased their target price on Motorola Solutions from $290.00 to $295.00 and gave the company an “outperform” rating in a research note on Wednesday, June 22nd. Morgan Stanley upgraded Motorola Solutions from an “equal weight” rating to an “overweight” rating and set a $240.00 target price for the company in a research note on Monday, May 23rd. Finally, StockNews.com cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $282.75.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $219.75, for a total value of $5,493,750.00. Following the sale, the chief executive officer now directly owns 35,348 shares in the company, valued at $7,767,723. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.85% of the stock is currently owned by company insiders.

Motorola Solutions Profile

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Motorola Solutions, Inc provides mission critical communications and analytics 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.

Further Reading

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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