California Public Employees Retirement System Decreases Holdings in Motorola Solutions, Inc. (NYSE:MSI)

California Public Employees Retirement System reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 746,432 shares of the communications equipment provider’s stock after selling 3,775 shares during the period. California Public Employees Retirement System’s holdings in Motorola Solutions were worth $345,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group grew its holdings in Motorola Solutions by 19.7% in the fourth quarter. Schroder Investment Management Group now owns 799,208 shares of the communications equipment provider’s stock valued at $369,418,000 after purchasing an additional 131,711 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Motorola Solutions by 330.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock valued at $291,922,000 after acquiring an additional 484,727 shares during the last quarter. Intrust Bank NA grew its stake in Motorola Solutions by 5.2% in the 4th quarter. Intrust Bank NA now owns 3,095 shares of the communications equipment provider’s stock valued at $1,431,000 after acquiring an additional 153 shares during the last quarter. OneAscent Wealth Management LLC purchased a new position in Motorola Solutions during the 4th quarter valued at about $209,000. Finally, Allstate Corp acquired a new position in Motorola Solutions during the fourth quarter worth about $1,971,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MSI shares. Morgan Stanley raised their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Barclays dropped their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Trading Up 0.2 %

Shares of MSI stock opened at $433.38 on Friday. Motorola Solutions, Inc. has a fifty-two week low of $332.98 and a fifty-two week high of $507.82. The firm’s 50 day moving average price is $443.47 and its two-hundred day moving average price is $459.45. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 3.82 and a beta of 1.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 3.30.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3 billion. On average, analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.36 annualized dividend and a dividend yield of 1.01%. Motorola Solutions’s payout ratio is currently 47.29%.

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.