State of Michigan Retirement System Has $17.90 Million Holdings in Motorola Solutions, Inc. $MSI

State of Michigan Retirement System cut its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,708 shares of the communications equipment provider’s stock after selling 1,700 shares during the period. State of Michigan Retirement System’s holdings in Motorola Solutions were worth $17,904,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC acquired a new position in Motorola Solutions in the 4th quarter valued at $208,000. Sivia Capital Partners LLC acquired a new position in Motorola Solutions in the 2nd quarter valued at $210,000. HUB Investment Partners LLC grew its holdings in Motorola Solutions by 38.7% in the 2nd quarter. HUB Investment Partners LLC now owns 2,540 shares of the communications equipment provider’s stock valued at $1,068,000 after buying an additional 709 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Motorola Solutions by 17.7% in the second quarter. Peapack Gladstone Financial Corp now owns 16,279 shares of the communications equipment provider’s stock valued at $6,845,000 after acquiring an additional 2,450 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Motorola Solutions in the second quarter valued at about $891,000. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on MSI shares. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $515.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Barclays lifted their price objective on shares of Motorola Solutions from $495.00 to $506.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $502.50.

Motorola Solutions Stock Performance

MSI opened at $431.97 on Tuesday. The firm has a market cap of $71.80 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. Motorola Solutions, Inc. has a 52-week low of $359.36 and a 52-week high of $492.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.87 and a current ratio of 1.04. The business’s fifty day moving average is $453.62 and its 200-day moving average is $417.57.

Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.24. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.Motorola Solutions’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.04 EPS. Sell-side analysts expect that Motorola Solutions, Inc. will post 15.25 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 20th were given a dividend of $1.21 per share. The ex-dividend date was Friday, March 20th. This represents a $4.84 annualized dividend and a dividend yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 37.93%.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 28,435 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $477.95, for a total value of $13,590,508.25. Following the sale, the chief executive officer owned 90,721 shares of the company’s stock, valued at approximately $43,360,101.95. This trade represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 434 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $470.12, for a total value of $204,032.08. Following the completion of the sale, the director directly owned 7,153 shares in the company, valued at $3,362,768.36. This trade represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 129,069 shares of company stock valued at $60,779,964. 1.28% of the stock is currently owned by corporate insiders.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.