State of Alaska Department of Revenue Decreases Stake in Motorola Solutions, Inc. (NYSE:MSI)

State of Alaska Department of Revenue lowered its stake in Motorola Solutions, Inc. (NYSE:MSI) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,056 shares of the communications equipment provider’s stock after selling 325 shares during the period. State of Alaska Department of Revenue’s holdings in Motorola Solutions were worth $8,808,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new stake in Motorola Solutions during the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new position in shares of Motorola Solutions in the fourth quarter valued at about $26,000. FSA Wealth Management LLC bought a new position in shares of Motorola Solutions during the third quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Motorola Solutions during the third quarter worth about $31,000. Finally, Planning Capital Management Corp bought a new stake in shares of Motorola Solutions in the third quarter worth about $32,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Up 0.2 %

Shares of Motorola Solutions stock opened at $481.83 on Friday. Motorola Solutions, Inc. has a 1 year low of $314.84 and a 1 year high of $507.82. The firm has a market cap of $80.52 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 3.45 and a beta of 1.02. The company has a 50-day moving average of $471.19 and a 200 day moving average of $455.27. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.57 earnings per share for the current fiscal year.

Motorola Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.98. Motorola Solutions’s dividend payout ratio (DPR) is 47.75%.

Wall Street Analyst Weigh In

A number of research firms have commented on MSI. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley upped their target price on Motorola Solutions from $430.00 to $495.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Barclays raised their price target on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Motorola Solutions has an average rating of “Moderate Buy” and a consensus price target of $504.88.

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.