North Point Portfolio Managers Corp OH Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

North Point Portfolio Managers Corp OH cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 31,654 shares of the industrial products company’s stock after selling 171 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Zebra Technologies were worth $9,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Norden Group LLC purchased a new stake in shares of Zebra Technologies in the first quarter worth about $2,108,000. SG Americas Securities LLC grew its position in Zebra Technologies by 105.5% during the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after buying an additional 7,853 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Zebra Technologies by 72.0% in the 4th quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock valued at $5,896,000 after acquiring an additional 9,032 shares in the last quarter. Okabena Investment Services Inc. raised its holdings in shares of Zebra Technologies by 6,195.6% in the 4th quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 2,788 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in Zebra Technologies during the first quarter valued at approximately $1,272,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Trading Up 0.9 %

NASDAQ:ZBRA traded up $3.11 during trading hours on Friday, hitting $345.38. The company had a trading volume of 453,456 shares, compared to its average volume of 359,266. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The company has a market capitalization of $17.76 billion, a PE ratio of 68.53 and a beta of 1.65. The stock has a 50-day moving average price of $327.57 and a 200 day moving average price of $307.22.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 earnings per share. On average, equities research analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research reports. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $349.64.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.