Market Summary
USD281.66-4.08
Delayedas of 21 Sep 2023, 12:28 pm-1.43%
MSI Stock Price
MSI RSI Chart
MSI Valuation
MSI Price/Sales (Trailing)
MSI Profitability
MSI Fundamentals
MSI Revenue
MSI Earnings
Price Action
52 Week Range
212.76299.43
(Low)(High)
Last 7 days
2.3%
Last 30 days
3.1%
Last 90 days
0.7%
Trailing 12 Months
19.3%
MSI Financial Health
MSI Investor Care
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Net sales
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Latest Insider Trading transactions for MSI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-11 | NIEWIARA JAMES A | gifted | - | - | -19.00 | svp, general counsel |
2023-08-11 | DENMAN KENNETH D | sold | -284,649 | 284 | -1,000 | - |
2023-08-09 | BROWN GREGORY Q | gifted | - | - | -1,782 | chairman and ceo |
2023-08-08 | NIEWIARA JAMES A | gifted | - | - | -100 | svp, general counsel |
2023-08-03 | MAHER KATHERINE A | sold (taxes) | -10,200 | 287 | -35.453 | cvp and cao |
2023-07-01 | WINKLER JASON J | sold (taxes) | -79,512 | 293 | -271 | evp and cfo |
2023-06-30 | Mondre Greg | acquired | 25,222 | 293 | 86.00 | - |
2023-06-30 | Durban Egon | acquired | 25,222 | 293 | 86.00 | - |
2023-06-01 | SAPTHARISHI MAHESH | sold (taxes) | -50,816 | 282 | -180 | evp and cto |
2023-06-01 | MOLLOY JOHN P | sold (taxes) | -40,632 | 282 | -143 | evp and coo |
Which funds bought or sold MSI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | 9,988 | 409,712 | 0.17% |
2023-09-13 | CGC Financial Services, LLC | new | - | 4,106 | 4,106 | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 2.89 | 2,704 | 52,204 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 680 | 27,862 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | sold off | - | - | - | -% |
2023-08-30 | COOPERMAN LEON G | reduced | -8.26 | -1,860,170 | 29,328,000 | 1.59% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -3,954 | 176,912 | 0.02% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 18,733 | 768,394 | 0.04% |
2023-08-24 | Alberta Investment Management Corp | reduced | -7.29 | -935,894 | 17,899,800 | 0.17% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 7,915 | 324,661 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Motorola Solutions
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital world investors | 8.3% | 13,901,205 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.03% | 20,108,198 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.3% | 15,537,336 | SC 13G | |
| Feb 11, 2022 | capital world investors | 6.1% | 10,248,698 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 10.98% | 18,547,606 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.5% | 14,324,480 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.84% | 18,373,703 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 9.4% | 16,004,308 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 11.40% | 19,540,756 | SC 13G/A | |
| Feb 04, 2020 | blackrock inc. | 11.5% | 19,722,185 | SC 13G/A |
Recent SEC filings of Motorola Solutions
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
MSI Fair Value
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Peers (Alternatives to Motorola Solutions)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 225.7B | 57.0B | 0.11% | 31.55% | 17.89 | 3.96 | 10.55% | 6.78% |
ANET | 56.5B | 5.3B | -1.04% | 60.21% | 33.07 | 10.74 | 50.27% | 65.17% |
MSI | 47.7B | 9.7B | 3.10% | 19.30% | 31.47 | 4.95 | 14.13% | 26.10% |
UI | 9.0B | 1.9B | -5.40% | -50.18% | 22.02 | 4.63 | 14.71% | 7.65% |
| MID-CAP | ||||||||
FFIV | 9.5B | 2.8B | 2.91% | 9.46% | 28.69 | 3.4 | 4.80% | -3.31% |
CIEN | 7.1B | 4.2B | 16.46% | 18.19% | 32.25 | 1.69 | 14.18% | 11.33% |
LITE | 3.2B | 1.8B | -0.68% | -33.58% | -24.39 | 1.82 | 3.18% | -166.16% |
VSAT | 2.1B | 2.8B | -17.98% | -36.11% | 2.05 | 0.77 | 13.98% | 1966.89% |
| SMALL-CAP | ||||||||
INFN | 953.5M | 1.6B | 6.58% | -12.29% | -133.45 | 0.58 | 13.20% | 96.13% |
COMM | 701.4M | 8.2B | -1.78% | -70.96% | -0.59 | 0.09 | -6.99% | -187.07% |
ADTN | 637.1M | 1.4B | 0.87% | -55.94% | -8.99 | 0.47 | 131.17% | -369.34% |
NTGR | 367.4M | 853.0M | -1.10% | -43.43% | -17.05 | 0.43 | -12.52% | 62.31% |
CMBM | 197.1M | 302.6M | -20.31% | -58.75% | 9.35 | 0.65 | 5.89% | 210.09% |
Motorola Solutions News
Returns for MSI
Cumulative Returns on MSI
18.7%
10-Year Cumulative Returns
22.6%
7-Year Cumulative Returns
18.7%
5-Year Cumulative Returns
23.0%
3-Year Cumulative Returns
Risks for MSI
What is the probability of a big loss on MSI?
36.9%
Probability that Motorola Solutions stock will be more than 20% underwater in next one year
17.7%
Probability that Motorola Solutions stock will be more than 30% underwater in next one year.
0%
Probability that Motorola Solutions stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MSI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Motorola Solutions was unfortunately bought at previous high price.
Drawdowns
Financials for Motorola Solutions
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.8% | 9,654 | 9,391 | 9,112 | 8,725 | 8,459 | 8,290 | 8,171 | 8,124 | 7,885 | 7,532 | 7,414 | 7,518 | 7,644 | 7,886 | 7,888 | 7,765 | 7,633 | 7,533 | 7,344 | 7,047 | 6,830 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,575 |
| Gross Profit | 4.5% | 4,617 | 4,418 | 4,229 | 4,061 | 4,075 | 4,037 | 4,040 | 4,003 | 3,867 | 3,681 | 3,608 | 3,682 | 3,780 | 3,945 | 3,931 | 3,799 | 3,693 | 3,584 | 3,480 | 3,362 | 3,255 |
| S&GA Expenses | 2.3% | 1,517 | 1,483 | 1,450 | 1,440 | 1,413 | 1,388 | 1,353 | 1,328 | 1,290 | 1,256 | 1,294 | 1,319 | 1,365 | 1,419 | 1,405 | 1,374 | 1,338 | 1,303 | 1,255 | 1,185 | 1,121 |
| R&D Expenses | 3.0% | 824 | 800 | 779 | 765 | 751 | 741 | 734 | 726 | 718 | 698 | 686 | 686 | 683 | 692 | 686 | 669 | 655 | 647 | 637 | 627 | 610 |
| EBITDA | -100.0% | - | 2,301 | 2,181 | 2,023 | 2,097 | 2,024 | 2,205 | 2,094 | 1,942 | 1,892 | 1,816 | 1,482 | 1,575 | 1,671 | 1,632 | 1,897 | 1,811 | 1,767 | 1,702 | 1,689 | 1,697 |
| EBITDA Margin | -100.0% | - | 0.25* | 0.24* | 0.23* | 0.25* | 0.24* | 0.27* | 0.26* | 0.25* | 0.25* | 0.24* | 0.20* | 0.21* | 0.21* | 0.21* | 0.24* | 0.24* | 0.23* | 0.23* | 0.24* | 0.25* |
| Interest Expenses | 6.4% | 234 | 220 | 226 | 209 | 214 | 201 | 207 | 194 | 210 | 215 | 217 | 223 | 218 | 210 | 221 | 216 | 223 | 221 | 204 | 194 | 181 |
| Earnings Before Taxes | 11.3% | 1,841 | 1,654 | 1,515 | 1,370 | 1,442 | 1,482 | 1,552 | 1,556 | 1,402 | 1,238 | 1,174 | 844 | 941 | 1,040 | 1,001 | 1,273 | 1,195 | 1,147 | 1,102 | 1,103 | 1,119 |
| EBT Margin | -100.0% | - | 0.18* | 0.17* | 0.16* | 0.17* | 0.18* | 0.19* | 0.19* | 0.18* | 0.16* | 0.16* | 0.11* | 0.12* | 0.13* | 0.13* | 0.16* | 0.16* | 0.15* | 0.15* | 0.16* | 0.16* |
| Net Income | 10.4% | 1,517 | 1,374 | 1,363 | 1,175 | 1,203 | 1,268 | 1,245 | 1,256 | 1,154 | 996 | 949 | 781 | 843 | 915 | 869 | 1,048 | 1,028 | 1,001 | 967 | -31.00 | -66.00 |
| Net Income Margin | -100.0% | - | 0.15* | 0.15* | 0.13* | 0.14* | 0.15* | 0.15* | 0.15* | 0.15* | 0.13* | 0.13* | 0.10* | 0.11* | 0.12* | 0.11* | 0.13* | 0.13* | 0.13* | 0.13* | 0.00* | -0.01* |
| Free Cashflow | -100.0% | - | 1,663 | 1,823 | 1,253 | 1,241 | 1,619 | 1,837 | 1,838 | 1,854 | 1,675 | 1,613 | 1,704 | 1,838 | 1,880 | 1,823 | 1,840 | 1,652 | 1,826 | 1,075 | 1,024 | 956 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.8% | 12,252 | 12,353 | 12,814 | 11,625 | 11,672 | 11,649 | 12,189 | 11,422 | 11,131 | 10,423 | 10,876 | 10,361 | 10,374 | 10,716 | 10,642 | 10,373 | 9,974 | 9,993 | 9,409 | 8,963 | 8,881 |
| Current Assets | -4.1% | 4,626 | 4,826 | 5,255 | 4,707 | 4,411 | 4,280 | 5,412 | 4,735 | 4,660 | 3,942 | 4,327 | 3,971 | 4,086 | 4,481 | 4,178 | 4,154 | 3,831 | 3,714 | 4,272 | 3,664 | 3,581 |
| Cash Equivalents | -30.5% | 710 | 1,022 | 1,325 | 822 | 717 | 878 | 1,874 | 1,653 | 1,921 | 1,320 | 1,254 | 1,007 | 1,341 | 1,672 | 1,001 | 1,140 | 964 | 897 | 1,257 | 851 | 941 |
| Inventory | -5.7% | 1,020 | 1,082 | 1,055 | 1,157 | 1,071 | 952 | 788 | 604 | 559 | 530 | 508 | 489 | 449 | 442 | 447 | 460 | 424 | 425 | 356 | 367 | 391 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | 1,022 | - | - | 932 | 992 | 963 | 940 | 937 | 895 | 892 | 895 |
| Goodwill | 0.2% | 3,295 | 3,287 | 3,312 | 2,851 | 2,873 | 47.00 | 2,565 | 2,449 | 234 | 2,221 | 2,219 | 2,207 | 18.00 | 2,075 | - | - | - | - | - | - | - |
| Current Liabilities | -5.0% | 3,766 | 3,966 | 4,560 | 3,768 | 3,801 | 3,886 | 4,063 | 3,429 | 3,184 | 3,095 | 3,489 | 3,312 | 3,480 | 3,879 | 3,439 | 3,656 | 2,876 | 2,979 | 3,096 | 3,088 | 2,922 |
| LT Debt, Current | - | - | - | 1.00 | - | - | - | 5.00 | - | - | - | 12.00 | - | - | - | 16.00 | - | - | - | 31.00 | - | - |
| LT Debt, Non Current | 0.0% | 6,015 | 6,014 | 6,013 | 6,012 | 6,011 | 5,689 | 5,688 | 5,687 | 5,686 | 5,164 | 5,163 | 5,162 | 5,111 | 5,111 | 5,113 | 5,112 | 5,315 | 5,287 | 5,289 | 5,095 | 5,298 |
| Shareholder's Equity | 44.0% | 337 | 234 | 116 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | 0% | 1,333 | 1,333 | 1,343 | 989 | 936 | 1,002 | 1,350 | 1,201 | 1,151 | 1,080 | 1,127 | 1,008 | 1,017 | 1,074 | 1,239 | 1,220 | 1,051 | 963 | 1,051 | 788 | 627 |
| Additional Paid-In Capital | 4.5% | 1,449 | 1,386 | 1,306 | 1,239 | 1,110 | 1,064 | 987 | 950 | 877 | 832 | 759 | 667 | 626 | 542 | 499 | 436 | 714 | 651 | 419 | 370 | 444 |
| Shares Outstanding | -0.4% | 167 | 168 | 168 | 168 | 167 | 168 | 169 | 169 | 170 | 169 | 169 | 170 | 170 | 171 | 171 | 167 | 165 | 164 | 164 | 163 | 162 |
| Minority Interest | -6.7% | 14.00 | 15.00 | 15.00 | 14.00 | 13.00 | 18.00 | 17.00 | 15.00 | 14.00 | 18.00 | 17.00 | 16.00 | 15.00 | 18.00 | 17.00 | 17.00 | 16.00 | 18.00 | 17.00 | 16.00 | 15.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 5.0% | 1,746 | 1,663 | 1,823 | 1,253 | 1,241 | 1,619 | 1,837 | 1,838 | 1,854 | 1,675 | 1,613 | 1,704 | 1,838 | 1,880 | 1,823 | 1,840 | 1,652 | 1,826 | 1,075 | 1,024 | 956 |
| Share Based Compensation | 4.7% | 199 | 190 | 172 | 161 | 150 | 137 | 129 | 123 | 120 | 120 | 129 | 131 | 130 | 129 | 118 | 107 | 96.00 | 83.00 | 73.00 | 70.00 | 67.00 |
| Cashflow From Investing | 6.6% | -825 | -883 | -1,387 | -952 | -1,301 | -1,247 | -742 | -593 | -410 | -463 | -437 | -501 | -585 | -528 | -934 | -872 | -600 | -609 | -1,266 | -1,229 | -1,415 |
| Cashflow From Financing | -64.0% | -971 | -592 | -906 | -954 | -1,023 | -750 | -429 | -613 | -919 | -1,661 | -966 | -1,347 | -850 | -504 | -1,144 | -643 | -1,013 | -1,130 | 220 | 349 | 585 |
| Dividend Payments | 2.9% | 560 | 544 | 530 | 531 | 515 | 500 | - | 471 | 460 | 448 | 436 | 425 | 410 | 395 | 379 | 366 | 356 | 346 | 337 | 329 | 321 |
| Buy Backs | 12.8% | 545 | 483 | 836 | 880 | 911 | 851 | 528 | 568 | 548 | 529 | 612 | 586 | 481 | 423 | 315 | 236 | 236 | 211 | 132 | 191 | 291 |
MSI Income Statement
2023-07-01Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022 | |
| Net sales | $ 2,403 | $ 2,140 | $ 4,574 | $ 4,032 |
| Costs of sales | 1,214 | 1,150 | 2,339 | 2,186 |
| Gross margin | 1,189 | 990 | 2,235 | 1,846 |
| Selling, general and administrative expenses | 390 | 356 | 757 | 692 |
| Research and development expenditures | 215 | 191 | 426 | 380 |
| Other charges | 66 | 85 | 135 | 177 |
| Operating earnings | 518 | 358 | 917 | 597 |
| Other income (expense): | ||||
| Interest expense, net | (57) | (56) | (111) | (112) |
| Gain on sales of investments and businesses, net | 0 | 0 | 1 | 2 |
| Other, net | 26 | (2) | 39 | 33 |
| Total other expense | (31) | (58) | (71) | (77) |
| Net earnings before income taxes | 487 | 300 | 846 | 520 |
| Income tax expense | 114 | 71 | 194 | 23 |
| Net earnings | 373 | 229 | 652 | 497 |
| Less: Earnings attributable to non-controlling interests | 2 | 1 | 3 | 2 |
| Net earnings attributable to Motorola Solutions, Inc. | $ 371 | $ 228 | $ 649 | $ 495 |
| Earnings per common share: | ||||
| Basic (in USD per share) | $ 2.21 | $ 1.36 | $ 3.88 | $ 2.95 |
| Diluted (in USD per share) | $ 2.15 | $ 1.33 | $ 3.76 | $ 2.88 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 167.5 | 167.2 | 167.4 | 167.6 |
| Diluted (in shares) | 172.6 | 170.9 | 172.5 | 172.0 |
| Products | ||||
| Net sales | $ 1,349 | $ 1,212 | $ 2,573 | $ 2,258 |
| Costs of sales | 636 | 637 | 1,209 | 1,185 |
| Services | ||||
| Net sales | 1,054 | 928 | 2,001 | 1,774 |
| Costs of sales | $ 578 | $ 513 | $ 1,130 | $ 1,001 |
MSI Balance Sheet
2023-07-01Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jul. 01, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 710 | $ 1,325 |
| Accounts receivable, net | 1,513 | 1,518 |
| Contract assets | 1,033 | 974 |
| Inventories, net | 1,020 | 1,055 |
| Other current assets | 350 | 383 |
| Total current assets | 4,626 | 5,255 |
| Property, plant and equipment, net | 935 | 927 |
| Operating lease assets | 478 | 485 |
| Investments | 162 | 147 |
| Deferred income taxes | 1,172 | 1,036 |
| Goodwill | 3,295 | 3,312 |
| Intangible assets, net | 1,261 | 1,342 |
| Other assets | 323 | 310 |
| Total assets | 12,252 | 12,814 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current portion of long-term debt | 0 | 1 |
| Accounts payable | 676 | 1,062 |
| Contract liabilities | 1,764 | 1,859 |
| Accrued liabilities | 1,326 | 1,638 |
| Total current liabilities | 3,766 | 4,560 |
| Long-term debt | 6,015 | 6,013 |
| Operating lease liabilities | 391 | 419 |
| Other liabilities | 1,729 | 1,691 |
| Stockholders’ Equity | ||
| Preferred stock, $100 par value: 0.5 shares authorized; none issued and outstanding | 0 | 0 |
| Common stock, $0.01 par value: | 2 | 2 |
| Additional paid-in capital | 1,449 | 1,306 |
| Retained earnings | 1,333 | 1,343 |
| Accumulated other comprehensive loss | (2,447) | (2,535) |
| Total Motorola Solutions, Inc. stockholders’ equity | 337 | 116 |
| Non-controlling interests | 14 | 15 |
| Total stockholders’ equity | 351 | 131 |
| Total liabilities and stockholders’ equity | $ 12,252 | $ 12,814 |
Motorola Solutions, Inc. provides mission critical communications and analytics 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. Its land mobile radio communications and video security and access control devices include two-way portable and vehicle-mounted radios, fixed and mobile video cameras, and accessories; radio network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Software and Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software, unified communications applications, and video software solutions through on-premise and as a service. It serves government, public safety, and commercial customers. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.