Retirement Systems of Alabama Reduces Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Retirement Systems of Alabama lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,465 shares of the communications equipment provider’s stock after selling 327 shares during the period. Retirement Systems of Alabama’s holdings in Motorola Solutions were worth $16,396,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new stake in shares of Motorola Solutions in the second quarter valued at $25,000. Beacon Capital Management LLC increased its position in Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC raised its stake in Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Motorola Solutions in the 3rd quarter valued at about $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Motorola Solutions during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Trading Down 0.0 %

Shares of MSI opened at $469.79 on Monday. Motorola Solutions, Inc. has a twelve month low of $307.09 and a twelve month high of $507.82. The firm has a market capitalization of $78.51 billion, a P/E ratio of 51.46, a price-to-earnings-growth ratio of 3.77 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The stock’s fifty day simple moving average is $478.73 and its 200 day simple moving average is $433.50.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. On average, equities research analysts forecast that Motorola Solutions, Inc. will post 12.57 earnings per share for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.09 per share. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.98. This represents a $4.36 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, December 13th. Motorola Solutions’s payout ratio is currently 47.75%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSI shares. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI increased their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America raised their price target on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $506.29.

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.