NJ State Employees Deferred Compensation Plan Has $4.98 Million Holdings in Motorola Solutions, Inc. (NYSE:MSI)

NJ State Employees Deferred Compensation Plan cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,771 shares of the communications equipment provider’s stock after selling 1,000 shares during the period. Motorola Solutions comprises approximately 0.6% of NJ State Employees Deferred Compensation Plan’s investment portfolio, making the stock its 25th biggest holding. NJ State Employees Deferred Compensation Plan’s holdings in Motorola Solutions were worth $4,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSI. World Investment Advisors LLC increased its holdings in Motorola Solutions by 5,403.9% during the third quarter. World Investment Advisors LLC now owns 35,720 shares of the communications equipment provider’s stock worth $16,061,000 after buying an additional 35,071 shares during the last quarter. Versor Investments LP acquired a new position in Motorola Solutions during the third quarter worth $449,000. Groupama Asset Managment increased its holdings in Motorola Solutions by 8.6% during the third quarter. Groupama Asset Managment now owns 587,077 shares of the communications equipment provider’s stock worth $263,967,000 after buying an additional 46,731 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Motorola Solutions by 8.5% during the third quarter. Los Angeles Capital Management LLC now owns 409,421 shares of the communications equipment provider’s stock worth $184,088,000 after buying an additional 32,157 shares during the last quarter. Finally, National Pension Service increased its holdings in Motorola Solutions by 22.9% during the fourth quarter. National Pension Service now owns 470,878 shares of the communications equipment provider’s stock worth $217,654,000 after buying an additional 87,722 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Barclays lowered their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Raymond James lifted their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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 research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $505.88.

Motorola Solutions Trading Down 3.1 %

Shares of Motorola Solutions stock opened at $426.78 on Tuesday. The firm has a 50-day moving average of $458.52 and a 200-day moving average of $460.98. The stock has a market cap of $71.25 billion, a PE ratio of 46.29, a PEG ratio of 3.82 and a beta of 1.02. Motorola Solutions, Inc. has a 52-week low of $329.66 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28.

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

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.02%. Motorola Solutions’s payout ratio is presently 47.29%.

Motorola Solutions Company 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.