Motorola Solutions, Inc. (NYSE:MSI) Shares Bought by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,062 shares of the communications equipment provider’s stock after acquiring an additional 241 shares during the quarter. Arizona State Retirement System’s holdings in Motorola Solutions were worth $22,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Farther Finance Advisors LLC increased its stake in Motorola Solutions by 19.4% during the third quarter. Farther Finance Advisors LLC now owns 925 shares of the communications equipment provider’s stock worth $416,000 after acquiring an additional 150 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Motorola Solutions by 3.1% during the third quarter. QRG Capital Management Inc. now owns 13,622 shares of the communications equipment provider’s stock worth $6,125,000 after buying an additional 414 shares during the period. Amalgamated Bank boosted its position in shares of Motorola Solutions by 7.7% during the third quarter. Amalgamated Bank now owns 37,229 shares of the communications equipment provider’s stock worth $16,739,000 after buying an additional 2,672 shares during the period. Catalina Capital Group LLC boosted its position in shares of Motorola Solutions by 8.4% during the third quarter. Catalina Capital Group LLC now owns 1,298 shares of the communications equipment provider’s stock worth $584,000 after buying an additional 101 shares during the period. Finally, Radnor Capital Management LLC purchased a new position in shares of Motorola Solutions during the third quarter worth $469,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Up 0.8 %

NYSE:MSI opened at $426.42 on Thursday. Motorola Solutions, Inc. has a 12-month low of $329.70 and a 12-month high of $507.82. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The firm has a market cap of $71.18 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 3.82 and a beta of 1.02. The stock has a fifty day moving average price of $456.61 and a 200 day moving average price of $460.75.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s dividend payout ratio is presently 47.29%.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSI. Barclays lowered their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Raymond James raised their price target on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley raised their price target on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $505.88.

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.