Raiffeisen Bank International AG Sells 20,105 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Key Points

• Raiffeisen Bank International AG reduced its holdings in Motorola Solutions by 9.8%, now owning 185,038 shares after selling 20,105 shares during the 1st quarter.
• Motorola Solutions reported a quarterly earnings of $3.18 per share, exceeding analysts' expectations of $3.01, and posted a 5.8% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.09 per share, yielding approximately 1.0% on an annualized basis with a payout ratio of 36.39%.

Raiffeisen Bank International AG trimmed its stake in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,038 shares of the communications equipment provider's stock after selling 20,105 shares during the quarter. Motorola Solutions makes up about 1.3% of Raiffeisen Bank International AG's portfolio, making the stock its 15th biggest holding. Raiffeisen Bank International AG owned 0.11% of Motorola Solutions worth $80,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. ORG Wealth Partners LLC increased its holdings in shares of Motorola Solutions by 346.2% during the 1st quarter. ORG Wealth Partners LLC now owns 58 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 45 shares during the last quarter. Community Bank N.A. acquired a new position in Motorola Solutions in the 1st quarter valued at $32,000. Fourth Dimension Wealth LLC acquired a new position in Motorola Solutions in the 4th quarter valued at $34,000. Fort Vancouver Investment Management LLC acquired a new position in Motorola Solutions in the 1st quarter valued at $37,000. Finally, Alpine Bank Wealth Management acquired a new position in Motorola Solutions in the 1st quarter valued at $40,000. 84.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MSI. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Barclays decreased their target price on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. UBS Group started coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 target price on the stock. Finally, Wolfe Research started coverage on Motorola Solutions in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.67.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the company's 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 directly owned 804 shares in the company, valued at $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Stock Up 0.1%

Shares of MSI stock traded up $0.50 during mid-day trading on Thursday, hitting $442.62. The company's stock had a trading volume of 349,607 shares, compared to its average volume of 893,211. Motorola Solutions, Inc. has a 52-week low of $388.90 and a 52-week high of $507.82. The business has a 50-day moving average price of $419.86 and a 200 day moving average price of $428.14. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market cap of $73.88 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 3.73 and a beta of 0.97.

Motorola Solutions Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.0%. Motorola Solutions's dividend payout ratio is 36.39%.

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.