Raiffeisen Bank International AG Buys 28,064 Shares of Motorola Solutions, Inc. $MSI

Raiffeisen Bank International AG raised its stake in Motorola Solutions, Inc. (NYSE:MSI) by 15.2% in the second quarter, Holdings Channel.com reports. The firm owned 213,102 shares of the communications equipment provider’s stock after acquiring an additional 28,064 shares during the period. Motorola Solutions makes up approximately 1.3% of Raiffeisen Bank International AG’s holdings, making the stock its 9th largest holding. Raiffeisen Bank International AG’s holdings in Motorola Solutions were worth $89,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MTM Investment Management LLC bought a new position in Motorola Solutions during the second quarter valued at about $80,000. Kingsview Wealth Management LLC boosted its stake in Motorola Solutions by 0.3% during the second quarter. Kingsview Wealth Management LLC now owns 9,115 shares of the communications equipment provider’s stock worth $3,833,000 after buying an additional 24 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Motorola Solutions by 9.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 8,762 shares of the communications equipment provider’s stock valued at $3,684,000 after buying an additional 730 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Motorola Solutions by 7.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 12,364 shares of the communications equipment provider’s stock valued at $5,198,000 after buying an additional 808 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Motorola Solutions by 11.4% during the 2nd quarter. Intech Investment Management LLC now owns 26,675 shares of the communications equipment provider’s stock worth $11,216,000 after acquiring an additional 2,734 shares during the period. Institutional investors own 84.17% of the company’s stock.

Motorola Solutions Stock Performance

MSI stock opened at $379.44 on Monday. The company has a 50 day moving average price of $443.80 and a 200 day moving average price of $435.10. Motorola Solutions, Inc. has a fifty-two week low of $376.74 and a fifty-two week high of $503.62. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.73 and a quick ratio of 1.54. The stock has a market capitalization of $63.20 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96.

Motorola Solutions (NYSE:MSI) last released its earnings results on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.74 earnings per share. Analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 was Monday, September 15th. Motorola Solutions’s dividend payout ratio is currently 34.99%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Motorola Solutions

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

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.