SouthState Corp Sells 776 Shares of Motorola Solutions, Inc. (NYSE:MSI)

SouthState Corp decreased its position in shares of Motorola Solutions, Inc. (NYSE:MSI) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,484 shares of the communications equipment provider’s stock after selling 776 shares during the quarter. SouthState Corp’s holdings in Motorola Solutions were worth $5,903,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its position in shares of Motorola Solutions by 5.4% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 471 shares of the communications equipment provider’s stock worth $206,000 after buying an additional 24 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Motorola Solutions by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 636 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 26 shares during the period. Wesbanco Bank Inc. grew its position in shares of Motorola Solutions by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 1,315 shares of the communications equipment provider’s stock worth $576,000 after buying an additional 26 shares during the period. Hemington Wealth Management grew its position in shares of Motorola Solutions by 17.1% during the 1st quarter. Hemington Wealth Management now owns 185 shares of the communications equipment provider’s stock worth $80,000 after buying an additional 27 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Motorola Solutions by 2.7% during the 1st quarter. D.A. Davidson & CO. now owns 1,079 shares of the communications equipment provider’s stock worth $473,000 after buying an additional 28 shares during the period. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MSI shares. JPMorgan Chase & Co. reduced their price objective on shares of Motorola Solutions from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Wolfe Research started coverage on shares of Motorola Solutions in a research report on Monday, July 7th. They issued a “peer perform” rating for the company. UBS Group reissued a “buy” rating and issued a $510.00 price target (up previously from $490.00) on shares of Motorola Solutions in a research report on Friday. Barclays set a $509.00 price target on shares of Motorola Solutions and gave the company an “overweight” rating in a research report on Friday. Finally, William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $512.67.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the sale, the chief accounting officer owned 804 shares of the company’s stock, valued at approximately $336,618.72. This trade represents a 57.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.44% of the stock is owned by company insiders.

Motorola Solutions Trading Up 2.0%

NYSE MSI opened at $454.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 12 month low of $388.90 and a 12 month high of $507.82. The stock has a market cap of $75.80 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.86 and a beta of 0.97. The stock’s fifty day moving average price is $421.20 and its 200-day moving average price is $427.61.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 7th. The communications equipment provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.36 by $0.21. Motorola Solutions had a return on equity of 143.08% and a net margin of 19.08%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the company earned $3.24 earnings per share. Motorola Solutions’s revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $1.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 annualized dividend and a dividend yield of 1.0%. Motorola Solutions’s dividend payout ratio (DPR) is 36.39%.

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.