State of Alaska Department of Revenue Lowers Stake in Motorola Solutions Inc (NYSE:MSI)

State of Alaska Department of Revenue lowered its position in shares of Motorola Solutions Inc (NYSE:MSI) by 73.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,849 shares of the communications equipment provider’s stock after selling 102,491 shares during the period. State of Alaska Department of Revenue’s holdings in Motorola Solutions were worth $5,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Motorola Solutions by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 435,586 shares of the communications equipment provider’s stock worth $56,679,000 after buying an additional 18,264 shares during the last quarter. Franklin Resources Inc. increased its holdings in Motorola Solutions by 33.0% in the third quarter. Franklin Resources Inc. now owns 31,557 shares of the communications equipment provider’s stock worth $4,107,000 after buying an additional 7,825 shares during the last quarter. Fifth Third Bancorp boosted its position in Motorola Solutions by 16.1% during the third quarter. Fifth Third Bancorp now owns 35,269 shares of the communications equipment provider’s stock worth $4,590,000 after purchasing an additional 4,899 shares during the period. Pacer Advisors Inc. boosted its position in Motorola Solutions by 22.1% during the third quarter. Pacer Advisors Inc. now owns 9,094 shares of the communications equipment provider’s stock worth $1,183,000 after purchasing an additional 1,646 shares during the period. Finally, MUFG Americas Holdings Corp boosted its position in Motorola Solutions by 14.4% during the third quarter. MUFG Americas Holdings Corp now owns 3,893 shares of the communications equipment provider’s stock worth $507,000 after purchasing an additional 489 shares during the period. 87.15% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on MSI shares. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Deutsche Bank upped their target price on Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Raymond James set a $139.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group decreased their target price on Motorola Solutions from $137.00 to $134.00 and set an “outperform” rating for the company in a research report on Tuesday, January 8th. Finally, ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and an average target price of $136.73.

In related news, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $143.03, for a total value of $684,398.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Molloy sold 79,995 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $139.42, for a total value of $11,152,902.90. The disclosure for this sale can be found here. Insiders sold 98,380 shares of company stock valued at $13,778,157 over the last three months. 2.99% of the stock is owned by company insiders.

Shares of MSI traded up $1.27 during mid-day trading on Friday, hitting $143.62. The company’s stock had a trading volume of 1,563,989 shares, compared to its average volume of 988,408. Motorola Solutions Inc has a one year low of $105.06 and a one year high of $148.43. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.46 and a beta of 0.59.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the business earned $1.10 earnings per share. Motorola Solutions’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions Inc will post 7.35 EPS for the current fiscal year.

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 $0.57 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 1.59%. Motorola Solutions’s dividend payout ratio is 33.38%.

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Motorola Solutions Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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