Public Employees Retirement Association of Colorado Sells 491 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Public Employees Retirement Association of Colorado lessened its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,026 shares of the communications equipment provider’s stock after selling 491 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Motorola Solutions were worth $8,889,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its stake in shares of 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 acquiring an additional 28 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Motorola Solutions during the 2nd quarter worth about $29,000. Finally, Crewe Advisors LLC bought a new stake in shares of Motorola Solutions during the 1st quarter worth about $28,000. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $442.57 on Friday. The business’s 50 day moving average is $418.74 and its 200-day moving average is $381.15. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The firm has a market capitalization of $73.82 billion, a PE ratio of 54.71, a PEG ratio of 3.80 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $448.98.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, beating the consensus estimate of $3.01 by $0.23. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. Motorola Solutions’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 EPS. Sell-side analysts predict that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, September 13th. Motorola Solutions’s dividend payout ratio is 48.45%.

Insider Activity at Motorola Solutions

In related news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $407.50, for a total value of $9,773,887.50. Following the sale, the chief operating officer now owns 46,821 shares of the company’s stock, valued at approximately $19,079,557.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSI. Bank of America raised their target price on Motorola Solutions from $370.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Barclays raised their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $466.17.

About Motorola Solutions

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.