Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 2,719 Shares of Motorola Solutions, Inc. $MSI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Motorola Solutions, Inc. (NYSE:MSI) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,937 shares of the communications equipment provider’s stock after purchasing an additional 2,719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Motorola Solutions were worth $17,212,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new position in Motorola Solutions in the second quarter worth about $25,000. Saudi Central Bank bought a new stake in shares of Motorola Solutions during the first quarter valued at approximately $29,000. Whipplewood Advisors LLC raised its holdings in Motorola Solutions by 289.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 55 shares during the last quarter. Rossby Financial LCC lifted its position in Motorola Solutions by 148.6% in the 2nd quarter. Rossby Financial LCC now owns 87 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Motorola Solutions by 47.1% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 33 shares during the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the completion of the sale, the senior vice president owned 10,244 shares of the company’s stock, valued at approximately $4,860,265.80. The trade was a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory Q. Brown sold 50,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $483.50, for a total value of $24,175,000.00. Following the completion of the sale, the chief executive officer owned 46,936 shares of the company’s stock, valued at approximately $22,693,556. The trade was a 51.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 148,128 shares of company stock worth $70,431,641. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Trading Down 1.0%

Shares of NYSE:MSI opened at $379.44 on Friday. The stock’s 50-day simple moving average is $443.80 and its two-hundred day simple moving average is $435.15. The stock has a market capitalization of $63.20 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 3.46 and a beta of 0.96. Motorola Solutions, Inc. has a 52-week low of $376.74 and a 52-week high of $503.62. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.54 and a current ratio of 1.73.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.74 EPS. Analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a dividend of $0.0109 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $465.00 price target (down previously from $495.00) on shares of Motorola Solutions in a research note on Friday, October 31st. Evercore ISI lifted their price objective on Motorola Solutions from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. UBS Group upped their target price on shares of Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Finally, Barclays decreased their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $506.43.

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.