SouthState Corp Has $4.72 Million Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

SouthState Corp reduced its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,077 shares of the communications equipment provider’s stock after selling 1,018 shares during the quarter. SouthState Corp’s holdings in Motorola Solutions were worth $4,720,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in Motorola Solutions by 1.6% in the 3rd quarter. FMR LLC now owns 2,350,325 shares of the communications equipment provider’s stock valued at $639,853,000 after acquiring an additional 37,718 shares in the last quarter. Raymond James & Associates lifted its stake in Motorola Solutions by 4.7% in the 4th quarter. Raymond James & Associates now owns 2,155,597 shares of the communications equipment provider’s stock valued at $674,896,000 after acquiring an additional 96,421 shares in the last quarter. Invesco Ltd. lifted its stake in Motorola Solutions by 0.4% in the 3rd quarter. Invesco Ltd. now owns 2,006,858 shares of the communications equipment provider’s stock valued at $546,347,000 after acquiring an additional 8,514 shares in the last quarter. Northern Trust Corp lifted its stake in Motorola Solutions by 1.5% in the 3rd quarter. Northern Trust Corp now owns 1,841,890 shares of the communications equipment provider’s stock valued at $501,436,000 after acquiring an additional 27,874 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Motorola Solutions by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,605,900 shares of the communications equipment provider’s stock valued at $437,190,000 after acquiring an additional 36,061 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Stock Performance

NYSE MSI traded up $0.24 on Thursday, reaching $336.24. The stock had a trading volume of 1,156,590 shares, compared to its average volume of 652,998. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The firm has a fifty day moving average of $342.82 and a two-hundred day moving average of $323.30. Motorola Solutions, Inc. has a 1-year low of $269.64 and a 1-year high of $355.39. The company has a market cap of $55.86 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.91.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 EPS. On average, equities research analysts anticipate that Motorola Solutions, Inc. will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.17%. Motorola Solutions’s payout ratio is 39.48%.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MSI shares. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research note on Friday, January 19th. They set a “buy” rating and a $350.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.38.

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.