New York State Common Retirement Fund Sells 37,257 Shares of Motorola Solutions, Inc. (NYSE:MSI)

New York State Common Retirement Fund lowered its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,175 shares of the communications equipment provider's stock after selling 37,257 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Motorola Solutions worth $88,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its position in shares of Motorola Solutions by 5.4% during the first quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider's stock valued at $206,000 after buying an additional 24 shares during the period. Prestige Wealth Management Group LLC boosted its position in shares of Motorola Solutions by 11.9% during the fourth quarter. Prestige Wealth Management Group LLC now owns 235 shares of the communications equipment provider's stock valued at $109,000 after buying an additional 25 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of Motorola Solutions by 22.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 136 shares of the communications equipment provider's stock valued at $63,000 after buying an additional 25 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of Motorola Solutions by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider's stock valued at $294,000 after buying an additional 26 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in shares of Motorola Solutions by 2.0% during the first quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 84.17% of the company's stock.

Insider Buying and Selling at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MSI shares. William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Wolfe Research started coverage on shares of Motorola Solutions in a research note on Monday, July 7th. They set a "peer perform" rating for the company. Barclays decreased their price target on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $513.25.

Motorola Solutions Price Performance

Shares of MSI opened at $416.50 on Monday. Motorola Solutions, Inc. has a twelve month low of $385.17 and a twelve month high of $507.82. The firm's fifty day simple moving average is $416.32 and its 200-day simple moving average is $431.90. The firm has a market capitalization of $69.52 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 3.58 and a beta of 0.95. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. Motorola Solutions's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $2.81 EPS. Equities analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 1.05%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

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.

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