Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Motorola Solutions, Inc. $MSI

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Motorola Solutions, Inc. (NYSE:MSI) by 67.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,970 shares of the communications equipment provider’s stock after selling 36,449 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Motorola Solutions were worth $7,550,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners lifted its position in Motorola Solutions by 261.0% during the second quarter. Obermeyer Wealth Partners now owns 8,073 shares of the communications equipment provider’s stock valued at $3,394,000 after acquiring an additional 5,837 shares during the last quarter. Machina Capital S.A.S. increased its position in shares of Motorola Solutions by 345.3% during the second quarter. Machina Capital S.A.S. now owns 13,948 shares of the communications equipment provider’s stock worth $5,865,000 after purchasing an additional 10,816 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Motorola Solutions during the 2nd quarter valued at $257,000. Aware Super Pty Ltd as trustee of Aware Super boosted its position in shares of Motorola Solutions by 101.5% in the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 70,231 shares of the communications equipment provider’s stock worth $29,529,000 after purchasing an additional 35,374 shares in the last quarter. Finally, Rockline Wealth Management LLC purchased a new position in Motorola Solutions during the 2nd quarter worth $333,000. 84.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MSI. UBS Group increased their price target on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $465.00 price objective (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. Evercore ISI upped their price target on shares of Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays decreased their price target on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $506.43.

Insider Buying and Selling

In other Motorola Solutions news, SVP Rajan Naik sold 8,014 shares of Motorola Solutions stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $474.45, for a total transaction of $3,802,242.30. Following the completion of the transaction, the senior vice president owned 10,244 shares in the company, valued at approximately $4,860,265.80. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the completion of the transaction, the senior vice president directly owned 14,542 shares of the company’s stock, valued at approximately $7,059,123.06. This trade represents a 10.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 148,128 shares of company stock valued at $70,431,641 over the last quarter. 1.44% of the stock is currently owned by company insiders.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $379.44 on Friday. Motorola Solutions, Inc. has a 52 week low of $376.74 and a 52 week high of $503.62. The business’s 50 day moving average price is $443.80 and its 200 day moving average price is $435.15. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86. The firm has a market cap of $63.20 billion, a P/E ratio of 30.55, a P/E/G ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.85 by $0.21. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Motorola Solutions had a net margin of 19.08% and a return on equity of 134.30%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.74 EPS. On average, sell-side analysts expect that Motorola Solutions, Inc. will post 13.55 earnings per share for the current year.

Motorola Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were issued a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 15th. Motorola Solutions’s dividend payout ratio is presently 34.99%.

Motorola Solutions Company 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.