New York State Common Retirement Fund Sells 26,100 Shares of Motorola Solutions, Inc. (NYSE:MSI)

New York State Common Retirement Fund lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,736 shares of the communications equipment provider’s stock after selling 26,100 shares during the period. New York State Common Retirement Fund owned 0.18% of Motorola Solutions worth $91,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc increased its stake in Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 40 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at $36,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at $38,000. BOK Financial Private Wealth Inc. boosted its holdings in shares of Motorola Solutions by 73.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 123 shares of the communications equipment provider’s stock valued at $39,000 after purchasing an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of Motorola Solutions by 21.3% in the 4th quarter. Valley National Advisers Inc. now owns 188 shares of the communications equipment provider’s stock valued at $58,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction dated 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 directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSI shares. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a report on Friday, February 9th. Evercore ISI began coverage on Motorola Solutions in a report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a report on Friday, January 19th. They set a “buy” rating and a $350.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $348.38.

Motorola Solutions Trading Up 1.2 %

MSI traded up $4.15 during midday trading on Tuesday, hitting $349.38. 171,009 shares of the company were exchanged, compared to its average volume of 625,159. The firm has a market capitalization of $58.04 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.14 and a beta of 0.90. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $355.39. The firm’s 50 day moving average price is $339.67 and its 200-day moving average price is $320.67. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.38 EPS. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.48%.

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.