Texas Permanent School Fund Corp Purchases 40 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Texas Permanent School Fund Corp raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,299 shares of the communications equipment provider’s stock after buying an additional 40 shares during the period. Texas Permanent School Fund Corp’s holdings in Motorola Solutions were worth $12,175,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSI. Private Wealth Management Group LLC bought a new stake in shares of Motorola Solutions in the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new stake in shares of Motorola Solutions in the 1st quarter valued at about $29,000. Northwest Capital Management Inc boosted its position in shares of Motorola Solutions by 71.4% during the 4th quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 40 shares in the last quarter. Motco boosted its position in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Motorola Solutions by 78.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

NYSE MSI traded up $2.08 on Friday, hitting $390.77. 27,705 shares of the stock traded hands, compared to its average volume of 658,659. The business’s fifty day moving average is $373.67 and its two-hundred day moving average is $346.62. Motorola Solutions, Inc. has a 12 month low of $269.64 and a 12 month high of $392.80. The firm has a market capitalization of $65.18 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 3.42 and a beta of 0.94. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19.

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

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, June 14th. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In other news, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kenneth D. Denman sold 690 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $373.11, for a total value of $257,445.90. Following the completion of the transaction, the director now directly owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 8,939 shares of the company’s stock, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders sold 9,389 shares of company stock valued at $3,446,461 over the last three months. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

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.