Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,565 shares of the industrial products company’s stock after buying an additional 2,191 shares during the quarter. Norris Perne & French LLP MI owned approximately 0.10% of Zebra Technologies worth $14,941,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ZBRA. Harvest Fund Management Co. Ltd purchased a new position in Zebra Technologies in the fourth quarter valued at $44,000. Tortoise Investment Management LLC increased its holdings in Zebra Technologies by 100.0% in the fourth quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after buying an additional 100 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Zebra Technologies in the first quarter valued at $60,000. Register Financial Advisors LLC purchased a new position in shares of Zebra Technologies during the first quarter worth about $61,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Zebra Technologies during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZBRA. TD Cowen raised their price objective on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Robert W. Baird raised their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group raised their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Stephens raised their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Hold” and a consensus target price of $323.36.

Zebra Technologies Price Performance

Shares of ZBRA stock traded up $1.94 during midday trading on Friday, reaching $308.93. 417,913 shares of the company traded hands, compared to its average volume of 286,597. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $328.70. The firm has a market cap of $15.88 billion, a PE ratio of 61.30 and a beta of 1.70. The firm’s 50 day simple moving average is $308.71 and its two-hundred day simple moving average is $284.25.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $3.59 EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies Co. will post 10.76 EPS for the current fiscal year.

Zebra Technologies Company Profile

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.