State of Alaska Department of Revenue Has $5.61 Million Stake in Motorola Solutions, Inc. (NYSE:MSI)

State of Alaska Department of Revenue cut its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,921 shares of the communications equipment provider's stock after selling 4,095 shares during the period. State of Alaska Department of Revenue's holdings in Motorola Solutions were worth $5,610,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC purchased a new position in Motorola Solutions in the second quarter worth about $33,000. Bruce G. Allen Investments LLC purchased a new position in Motorola Solutions in the fourth quarter worth about $38,000. Strategic Investment Solutions Inc. IL purchased a new position in Motorola Solutions in the first quarter worth about $35,000. PCA Investment Advisory Services Inc. purchased a new position in Motorola Solutions in the second quarter worth about $39,000. Finally, Eagle Bay Advisors LLC purchased a new position in Motorola Solutions in the second quarter worth about $35,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MSI. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research report on Friday, January 19th. They set a "buy" rating and a $350.00 price objective on the stock. Barclays lifted their price objective on Motorola Solutions from $333.00 to $352.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They set an "outperform" rating and a $400.00 price objective on the stock. StockNews.com raised Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Monday, February 12th. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $337.25.

Motorola Solutions Price Performance

NYSE:MSI traded down $1.52 during trading hours on Tuesday, reaching $352.07. The stock had a trading volume of 525,584 shares, compared to its average volume of 631,772. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39. The company has a 50 day moving average price of $333.79 and a two-hundred day moving average price of $313.41. The stock has a market capitalization of $58.48 billion, a PE ratio of 35.46, a PEG ratio of 3.28 and a beta of 0.90.

Motorola Solutions (NYSE:MSI - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $3.38 EPS. The company's revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, March 14th. Motorola Solutions's payout ratio is 39.48%.

Insiders Place Their Bets

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.