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

State of Alaska Department of Revenue lifted its holdings in Motorola Solutions, Inc. (NYSE:MSIFree Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,006 shares of the communications equipment provider’s stock after buying an additional 85 shares during the period. State of Alaska Department of Revenue’s holdings in Motorola Solutions were worth $6,391,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Glenmede Trust Co. NA increased its position in shares of Motorola Solutions by 4.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,727 shares of the communications equipment provider’s stock valued at $1,287,000 after purchasing an additional 195 shares during the last quarter. Alps Advisors Inc. raised its position in Motorola Solutions by 63.6% in the third quarter. Alps Advisors Inc. now owns 10,748 shares of the communications equipment provider’s stock worth $2,926,000 after acquiring an additional 4,179 shares during the period. JPMorgan Chase & Co. grew its position in shares of Motorola Solutions by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after acquiring an additional 36,061 shares during the period. Seven Eight Capital LP grew its position in shares of Motorola Solutions by 173.6% during the 3rd quarter. Seven Eight Capital LP now owns 5,155 shares of the communications equipment provider’s stock valued at $1,403,000 after acquiring an additional 3,271 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Motorola Solutions by 9.8% during the 3rd quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider’s stock worth $20,353,000 after purchasing an additional 6,671 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Read Our Latest Research Report on Motorola Solutions

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $385.52 on Thursday. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $391.65. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The firm has a market capitalization of $64.30 billion, a PE ratio of 47.65, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94. The firm’s 50 day simple moving average is $367.27 and its 200 day simple moving average is $343.32.

Motorola Solutions (NYSE:MSIGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. As a group, analysts expect 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 issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s payout ratio is 48.45%.

Insider Transactions at Motorola Solutions

In related news, CAO Katherine A. Maher sold 2,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP James A. Niewiara sold 810 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now owns 12,986 shares of the company’s stock, valued at $4,650,156.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the sale, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,389 shares of company stock valued at $3,446,461. 1.26% of the stock is owned by corporate insiders.

About Motorola Solutions

(Free Report)

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.

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

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