Arizona State Retirement System Increases Stake in Motorola Solutions, Inc. (NYSE:MSI)

Arizona State Retirement System boosted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,108 shares of the communications equipment provider's stock after purchasing an additional 2,046 shares during the period. Arizona State Retirement System's holdings in Motorola Solutions were worth $21,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. raised its stake in Motorola Solutions by 15.7% in the 1st quarter. Xponance Inc. now owns 34,360 shares of the communications equipment provider's stock worth $15,043,000 after purchasing an additional 4,657 shares in the last quarter. Kesler Norman & Wride LLC boosted its stake in shares of Motorola Solutions by 16.1% in the 1st quarter. Kesler Norman & Wride LLC now owns 1,908 shares of the communications equipment provider's stock valued at $837,000 after purchasing an additional 265 shares during the last quarter. Genus Capital Management Inc. lifted its position in shares of Motorola Solutions by 209.6% during the 1st quarter. Genus Capital Management Inc. now owns 23,255 shares of the communications equipment provider's stock valued at $10,181,000 after acquiring an additional 44,476 shares during the period. Allworth Financial LP lifted its position in shares of Motorola Solutions by 7.1% during the 1st quarter. Allworth Financial LP now owns 1,545 shares of the communications equipment provider's stock valued at $662,000 after acquiring an additional 102 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Motorola Solutions by 0.9% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 5,960 shares of the communications equipment provider's stock valued at $2,609,000 after buying an additional 54 shares in the last quarter. Institutional investors own 84.17% of the company's stock.

Motorola Solutions Stock Performance

MSI traded down $2.18 during trading on Tuesday, hitting $411.44. The company's stock had a trading volume of 350,098 shares, compared to its average volume of 824,530. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a one year low of $385.17 and a one year high of $507.82. The firm has a market cap of $68.68 billion, a PE ratio of 34.31, a P/E/G ratio of 3.58 and a beta of 0.95. The business's 50 day simple moving average is $416.51 and its 200-day simple moving average is $431.53.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.17. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $2.81 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.36 annualized dividend and a yield of 1.06%. Motorola Solutions's payout ratio is 36.39%.

Analyst Ratings Changes

MSI has been the subject of several analyst reports. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays cut their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Finally, Wolfe Research assumed coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $513.25.

Insider Activity at Motorola Solutions

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the transaction, the chief accounting officer directly owned 804 shares in the company, valued at approximately $336,618.72. This represents a 57.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Company 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.