Riverbridge Partners LLC Sells 891 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Riverbridge Partners LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,351 shares of the communications equipment provider's stock after selling 891 shares during the quarter. Riverbridge Partners LLC's holdings in Motorola Solutions were worth $35,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. National Pension Service boosted its position in shares of Motorola Solutions by 22.9% in the fourth quarter. National Pension Service now owns 470,878 shares of the communications equipment provider's stock worth $217,654,000 after purchasing an additional 87,722 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $24,136,000. Proficio Capital Partners LLC boosted its position in shares of Motorola Solutions by 56,562.5% in the fourth quarter. Proficio Capital Partners LLC now owns 315,610 shares of the communications equipment provider's stock worth $145,884,000 after purchasing an additional 315,053 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Motorola Solutions by 16.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 476,564 shares of the communications equipment provider's stock worth $220,282,000 after purchasing an additional 67,143 shares during the period. Finally, Bryce Point Capital LLC bought a new position in shares of Motorola Solutions in the fourth quarter worth approximately $518,000. 84.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Katherine A. Maher sold 1,073 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the sale, the chief accounting officer now owns 804 shares of the company's stock, valued at approximately $336,618.72. This represents a 57.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.44% of the company's stock.

Wall Street Analyst Weigh In

MSI has been the subject of a number of recent analyst reports. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. Barclays dropped their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen lowered shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. dropped their target price 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Price Performance

Motorola Solutions stock opened at $404.41 on Friday. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.48 and a beta of 0.96. The firm's fifty day moving average is $418.54 and its 200 day moving average is $438.81. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. Motorola Solutions, Inc. has a 52-week low of $380.72 and a 52-week high of $507.82.

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

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, June 13th. Motorola Solutions's 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.

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