Texas Permanent School Fund Corp Has $12.18 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

Texas Permanent School Fund Corp increased its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 34,299 shares of the communications equipment provider’s stock after purchasing an additional 40 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Motorola Solutions were worth $12,175,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MSI. Private Wealth Management Group LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in Motorola Solutions in the 1st quarter valued at $29,000. Northwest Capital Management Inc raised its stake in Motorola Solutions by 71.4% in the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 40 shares during the period. Motco raised its stake in Motorola Solutions by 137.5% in the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in Motorola Solutions by 78.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the sale, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at $403,625.84. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,446,461 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research analyst reports. Barclays increased their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Evercore ISI assumed coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $358.86.

Motorola Solutions Price Performance

Shares of MSI traded up $2.08 during trading hours on Friday, hitting $390.77. 27,705 shares of the company were exchanged, compared to its average volume of 658,659. The company has a market cap of $65.18 billion, a price-to-earnings ratio of 48.05, a P/E/G ratio of 3.42 and a beta of 0.94. Motorola Solutions, Inc. has a fifty-two week low of $269.64 and a fifty-two week high of $392.80. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The firm’s fifty day moving average is $373.67 and its 200 day moving average is $346.62.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.29. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. On average, equities analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Motorola Solutions 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.