Arizona State Retirement System Has $18.14 Million Stock Position in Motorola Solutions, Inc. $MSI

Arizona State Retirement System trimmed its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,310 shares of the communications equipment provider’s stock after selling 1,447 shares during the quarter. Arizona State Retirement System’s holdings in Motorola Solutions were worth $18,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $25,000. United Community Bank boosted its holdings in shares of Motorola Solutions by 81.3% in the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares in the last quarter. Strategic Advocates LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $28,000. JPL Wealth Management LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $33,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $438.50 on Friday. The firm has a fifty day moving average of $454.23 and a two-hundred day moving average of $418.34. The stock has a market capitalization of $72.88 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.09 and a beta of 0.99. Motorola Solutions, Inc. has a 52 week low of $359.36 and a 52 week high of $492.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. As a group, equities research analysts predict that Motorola Solutions, Inc. will post 15.25 EPS for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were given a $1.21 dividend. The ex-dividend date was Friday, March 20th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio is currently 37.93%.

Insider Activity at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 28,435 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $477.95, for a total value of $13,590,508.25. Following the completion of the sale, the chief executive officer owned 90,721 shares in the company, valued at $43,360,101.95. This represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Cynthia Yazdi sold 7,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $471.01, for a total transaction of $3,297,070.00. Following the completion of the sale, the chief executive officer owned 9,529 shares of the company’s stock, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 129,069 shares of company stock worth $60,779,964 in the last quarter. Corporate insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSI shares. Truist Financial started coverage on Motorola Solutions in a report on Tuesday, March 31st. They issued a “buy” rating and a $540.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday, February 12th. Wall Street Zen raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $502.50.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.