Norris Perne & French LLP MI Sells 313 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Norris Perne & French LLP MI trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 49,682 shares of the industrial products company’s stock after selling 313 shares during the quarter. Norris Perne & French LLP MI’s holdings in Zebra Technologies were worth $19,188,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Zebra Technologies during the second quarter valued at about $782,000. Public Sector Pension Investment Board boosted its position in shares of Zebra Technologies by 64.6% during the second quarter. Public Sector Pension Investment Board now owns 1,956 shares of the industrial products company’s stock valued at $604,000 after purchasing an additional 768 shares in the last quarter. Creative Planning grew its stake in Zebra Technologies by 20.0% in the second quarter. Creative Planning now owns 3,847 shares of the industrial products company’s stock worth $1,188,000 after purchasing an additional 642 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Zebra Technologies by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 937 shares of the industrial products company’s stock valued at $289,000 after acquiring an additional 41 shares during the period. Finally, Quarry LP bought a new position in Zebra Technologies during the 2nd quarter valued at approximately $60,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of analyst reports. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Down 1.2 %

ZBRA stock opened at $394.70 on Friday. The business’s 50-day moving average price is $399.73 and its 200-day moving average price is $370.58. The stock has a market cap of $20.36 billion, a P/E ratio of 53.70 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $427.76. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities research analysts forecast that Zebra Technologies Co. will post 11.8 EPS for the current 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.