Motorola Solutions, Inc. $MSI Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its position in Motorola Solutions, Inc. (NYSE:MSI) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,323 shares of the communications equipment provider’s stock after purchasing an additional 1,287 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Motorola Solutions were worth $10,647,000 as of its most recent filing with the Securities and Exchange Commission.

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

Motorola Solutions Stock Performance

Shares of Motorola Solutions stock opened at $382.77 on Friday. The firm’s fifty day simple moving average is $445.79 and its 200-day simple moving average is $435.51. Motorola Solutions, Inc. has a 12 month low of $382.09 and a 12 month high of $503.62. The stock has a market capitalization of $63.75 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 3.46 and a beta of 0.97. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54.

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

Motorola Solutions Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, September 15th. Motorola Solutions’s payout ratio is 34.99%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Motorola Solutions news, COO John P. Molloy sold 37,514 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $462.38, for a total transaction of $17,345,723.32. Following the completion of the sale, the chief operating officer directly owned 59,328 shares of the company’s stock, valued at approximately $27,432,080.64. This trade represents a 38.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $474.45, for a total value of $3,802,242.30. Following the completion of the transaction, the senior vice president owned 10,244 shares in the company, valued at $4,860,265.80. This trade represents a 43.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 148,128 shares of company stock valued at $70,431,641 in the last quarter. 1.44% of the stock is currently owned by insiders.

Motorola Solutions Company 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.