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 reduced its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,038 shares of the communications equipment provider's stock after selling 20,105 shares during the quarter. Motorola Solutions comprises about 1.3% of Raiffeisen Bank International AG's portfolio, making the stock its 15th biggest position. Raiffeisen Bank International AG owned 0.11% of Motorola Solutions worth $80,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MSI. ORG Wealth Partners LLC increased its holdings in 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 purchasing an additional 45 shares during the period. Community Bank N.A. purchased a new position in Motorola Solutions during the 1st quarter worth $32,000. Fourth Dimension Wealth LLC purchased a new position in Motorola Solutions during the 4th quarter worth $34,000. Fort Vancouver Investment Management LLC purchased a new position in Motorola Solutions during the 1st quarter worth $37,000. Finally, Alpine Bank Wealth Management purchased a new position in Motorola Solutions during the 1st quarter worth $40,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of Motorola Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $418.68, for a total transaction of $449,243.64. Following the completion of the sale, the chief accounting officer owned 804 shares of the company's stock, valued at approximately $336,618.72. The trade was a 57.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.44% of the company's stock.

Motorola Solutions Stock Down 0.4%

Motorola Solutions stock opened at $437.08 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $72.96 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.76 and a beta of 0.97. Motorola Solutions, Inc. has a 1-year low of $388.90 and a 1-year high of $507.82. The business has a fifty day moving average price of $418.71 and a 200-day moving average price of $428.41.

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Motorola Solutions had a return on equity of 160.93% and a net margin of 18.67%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions's payout ratio is currently 36.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSI. JPMorgan Chase & Co. cut their price target on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group began coverage on Motorola Solutions in a report on Wednesday, July 16th. They issued a "buy" rating and a $490.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday, May 28th. Finally, Barclays cut their price target on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $510.67.

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.

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