Trade Report: The Louisiana State Employees Retirement System Reduces Position in Motorola Solutions Inc. (MSI)

The Louisiana State Employees Retirement System Reduces Position in Motorola Solutions Inc. (MSI)

Louisiana State Employees Retirement System lowered its position in Motorola Solutions Inc. (NYSE:MSI) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Motorola Solutions were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Telemus Capital LLC raised its position in shares of Motorola Solutions by 5.4% in the second quarter. Telemus Capital LLC now owns 3,405 shares of the company’s stock valued at $225,000 after buying an additional 173 shares during the period. Nordea Investment Management AB raised its position in shares of Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock valued at $347,000 after buying an additional 248 shares during the period. DNB Asset Management AS raised its position in shares of Motorola Solutions by 2.7% in the second quarter. DNB Asset Management AS now owns 14,991 shares of the company’s stock valued at $989,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue raised its position in shares of Motorola Solutions by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 6,615 shares of the company’s stock valued at $436,000 after buying an additional 459 shares during the period. Finally, Creative Planning raised its position in shares of Motorola Solutions by 5.0% in the second quarter. Creative Planning now owns 10,020 shares of the company’s stock valued at $661,000 after buying an additional 474 shares during the period. 85.38% of the stock is currently owned by institutional investors.

Motorola Solutions Inc. (NYSE:MSI) traded up 0.35% during trading on Wednesday, reaching $73.76. The company had a trading volume of 1,578,530 shares. The firm has a 50-day moving average price of $76.25 and a 200 day moving average price of $72.28. The stock has a market cap of $12.30 billion, a P/E ratio of 26.02 and a beta of 0.48. Motorola Solutions Inc. has a 12-month low of $59.13 and a 12-month high of $78.99.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Motorola Solutions had a net margin of 9.04% and a negative return on equity of 223.77%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities research analysts predict that Motorola Solutions Inc. will post $4.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, September 13th. Motorola Solutions’s dividend payout ratio is 57.54%.

MSI has been the topic of several research reports. Goldman Sachs Group Inc. raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Thursday, June 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $72.00 target price on shares of Motorola Solutions in a research report on Thursday, August 18th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $72.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $80.00 target price on shares of Motorola Solutions in a research report on Friday, August 5th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $73.93.

In other news, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total transaction of $812,343.84. Following the transaction, the executive vice president now owns 25,703 shares in the company, valued at approximately $2,004,576.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark S. Hacker sold 4,620 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $76.94, for a total transaction of $355,462.80. Following the transaction, the executive vice president now owns 15,741 shares in the company, valued at approximately $1,211,112.54. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

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