SouthState Corp Sells 1,018 Shares of Motorola Solutions, Inc. (NYSE:MSI)

SouthState Corp decreased its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MSI. Commonwealth Equity Services LLC increased its holdings in shares of Motorola Solutions by 5.1% in the third quarter. Commonwealth Equity Services LLC now owns 18,864 shares of the communications equipment provider’s stock worth $5,136,000 after purchasing an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Motorola Solutions by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,442 shares of the communications equipment provider’s stock worth $4,204,000 after acquiring an additional 225 shares in the last quarter. Dakota Wealth Management grew its position in Motorola Solutions by 118.6% in the third quarter. Dakota Wealth Management now owns 1,502 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 815 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Motorola Solutions by 17.4% in the third quarter. Stratos Wealth Partners LTD. now owns 1,386 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 205 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its position in Motorola Solutions by 8.5% in the third quarter. Center for Financial Planning Inc. now owns 5,656 shares of the communications equipment provider’s stock worth $1,540,000 after acquiring an additional 441 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MSI. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI initiated coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a report on Friday, January 19th. They set a “buy” rating and a $350.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.38.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were 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 owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Price Performance

Shares of MSI stock traded up $0.24 on Thursday, hitting $336.24. 1,156,590 shares of the stock traded hands, 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 market cap of $55.86 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 3.13 and a beta of 0.91. The firm has a 50 day simple moving average of $342.82 and a two-hundred day simple moving average of $323.30. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $355.39.

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

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors 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 yield of 1.17%. Motorola Solutions’s payout ratio is 39.48%.

Motorola Solutions 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.