Motorola Solutions Inc (MSI) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in Motorola Solutions Inc (NYSE:MSI) by 33.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,748 shares of the communications equipment provider’s stock after acquiring an additional 100,101 shares during the period. Teacher Retirement System of Texas’ holdings in Motorola Solutions were worth $46,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Motorola Solutions by 5.2% in the first quarter. BlackRock Inc. now owns 15,699,753 shares of the communications equipment provider’s stock worth $1,653,184,000 after acquiring an additional 771,990 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Motorola Solutions by 33.2% in the first quarter. OppenheimerFunds Inc. now owns 3,635,014 shares of the communications equipment provider’s stock worth $382,767,000 after acquiring an additional 906,012 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Motorola Solutions by 32.6% in the second quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock worth $275,329,000 after acquiring an additional 581,645 shares during the last quarter. Millennium Management LLC lifted its position in Motorola Solutions by 118.3% in the first quarter. Millennium Management LLC now owns 1,114,856 shares of the communications equipment provider’s stock worth $117,394,000 after purchasing an additional 604,248 shares during the period. Finally, LSV Asset Management lifted its position in Motorola Solutions by 7.1% in the first quarter. LSV Asset Management now owns 1,086,302 shares of the communications equipment provider’s stock worth $114,387,000 after purchasing an additional 71,800 shares during the period. Institutional investors and hedge funds own 85.71% of the company’s stock.

Several research analysts recently commented on MSI shares. BMO Capital Markets raised their target price on Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Credit Suisse Group started coverage on Motorola Solutions in a research report on Wednesday, May 9th. They issued an “outperform” rating and a $129.00 target price for the company. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Thursday, May 10th. Cowen raised Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 target price for the company in a research report on Wednesday, July 11th. Finally, Jefferies Financial Group raised their target price on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. Motorola Solutions presently has a consensus rating of “Buy” and an average price target of $129.23.

Shares of NYSE MSI opened at $121.01 on Friday. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.92 and a beta of 0.39. Motorola Solutions Inc has a 52-week low of $82.86 and a 52-week high of $125.31. The company has a debt-to-equity ratio of -3.55, a current ratio of 1.23 and a quick ratio of 1.09.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. sell-side analysts predict that Motorola Solutions Inc will post 6.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Friday, June 15th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. Motorola Solutions’s payout ratio is presently 40.00%.

Motorola Solutions Company Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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