NJ State Employees Deferred Compensation Plan Sells 1,000 Shares of Motorola Solutions, Inc. (NYSE:MSI)

NJ State Employees Deferred Compensation Plan decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 10,771 shares of the communications equipment provider’s stock after selling 1,000 shares during the quarter. Motorola Solutions accounts for 0.6% of NJ State Employees Deferred Compensation Plan’s portfolio, making the stock its 25th largest holding. NJ State Employees Deferred Compensation Plan’s holdings in Motorola Solutions were worth $4,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MSI. Mizuho Securities USA LLC lifted its position in Motorola Solutions by 4,447.9% during the third quarter. Mizuho Securities USA LLC now owns 584,901 shares of the communications equipment provider’s stock worth $262,989,000 after purchasing an additional 572,040 shares during the period. Proficio Capital Partners LLC raised its stake in Motorola Solutions by 56,562.5% during the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider’s stock worth $145,884,000 after acquiring an additional 315,053 shares in the last quarter. State Street Corp raised its stake in Motorola Solutions by 2.7% during the third quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock worth $3,358,848,000 after acquiring an additional 198,183 shares in the last quarter. Barclays PLC raised its stake in Motorola Solutions by 29.6% during the third quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock worth $325,455,000 after acquiring an additional 165,353 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Motorola Solutions by 27.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 634,815 shares of the communications equipment provider’s stock worth $285,432,000 after acquiring an additional 136,552 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

MSI has been the subject of several research analyst reports. Raymond James boosted their target price on Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley boosted their target price on 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 lowered their target price on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Stock Performance

Motorola Solutions stock opened at $426.78 on Tuesday. The business has a 50 day moving average of $458.52 and a 200-day moving average of $460.98. Motorola Solutions, Inc. has a 1 year low of $329.66 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The company has a market capitalization of $71.25 billion, a P/E ratio of 46.29, a P/E/G ratio of 3.82 and a beta of 1.02.

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

Motorola Solutions Dividend Announcement

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 $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, March 14th. Motorola Solutions’s payout ratio is presently 47.29%.

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.