SouthState Corp Sells 110 Shares of Motorola Solutions, Inc. (NYSE:MSI)

SouthState Corp cut its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,260 shares of the communications equipment provider’s stock after selling 110 shares during the quarter. SouthState Corp’s holdings in Motorola Solutions were worth $6,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSI. Raymond James Financial Inc. purchased a new stake in Motorola Solutions during the 4th quarter valued at $1,528,949,000. Proficio Capital Partners LLC raised its stake in Motorola Solutions by 56,562.5% during the 4th quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider’s stock valued at $145,884,000 after buying an additional 315,053 shares during the last quarter. State Street Corp raised its stake in Motorola Solutions by 2.7% during the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after buying an additional 198,183 shares during the last quarter. Barclays PLC raised its stake in Motorola Solutions by 29.6% during the 3rd quarter. Barclays PLC now owns 723,835 shares of the communications equipment provider’s stock valued at $325,455,000 after buying an additional 165,353 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Motorola Solutions by 44.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 406,910 shares of the communications equipment provider’s stock valued at $182,959,000 after buying an additional 125,351 shares during the last quarter. 84.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSI shares. Morgan Stanley boosted their target price on shares of Motorola Solutions from $495.00 to $505.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays reduced their price objective on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $505.88.

Motorola Solutions Trading Up 1.0 %

Shares of MSI stock opened at $418.07 on Monday. Motorola Solutions, Inc. has a 52-week low of $332.98 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. The firm has a market capitalization of $69.79 billion, a PE ratio of 45.34, a PEG ratio of 3.82 and a beta of 1.03. The stock has a fifty day simple moving average of $450.02 and a two-hundred day simple moving average of $460.41.

Motorola Solutions (NYSE:MSI) last issued its quarterly 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). Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3 billion. On average, analysts predict that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $1.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.36 dividend on an annualized basis and a yield of 1.04%. Motorola Solutions’s payout ratio is presently 47.29%.

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.