Teacher Retirement System of Texas Has $49.72 Million Stock Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Teacher Retirement System of Texas trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 21.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,575 shares of the communications equipment provider's stock after selling 31,811 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Motorola Solutions worth $49,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSI. ORG Wealth Partners LLC grew its holdings in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 45 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Motorola Solutions during the fourth quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at about $32,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Motorola Solutions during the 4th quarter valued at about $34,000. Finally, Community Bank N.A. acquired a new stake in shares of Motorola Solutions during the 1st quarter valued at about $32,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Price Performance

Shares of MSI stock traded up $2.28 during trading hours on Friday, reaching $424.55. 494,717 shares of the company were exchanged, compared to its average volume of 824,933. Motorola Solutions, Inc. has a fifty-two week low of $384.51 and a fifty-two week high of $507.82. The stock's fifty day moving average is $417.48 and its two-hundred day moving average is $434.13. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.66 and a beta of 0.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted 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. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $2.81 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.03%. Motorola Solutions's payout ratio is presently 36.39%.

Analysts Set New Price Targets

MSI has been the topic of a number of recent research reports. Barclays decreased their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. William Blair restated an "outperform" rating on shares of Motorola Solutions in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions has an average rating of "Moderate Buy" and a consensus target price of $513.25.

Insiders Place Their Bets

In related news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.44% of the stock is owned by corporate insiders.

About Motorola Solutions

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.