Zebra Technologies Co. (NASDAQ:ZBRA) Position Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,625 shares of the industrial products company’s stock after selling 1,041 shares during the period. Wedge Capital Management L L P NC’s holdings in Zebra Technologies were worth $2,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in Zebra Technologies during the third quarter worth approximately $59,000. Huntington National Bank raised its holdings in Zebra Technologies by 104.0% during the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares in the last quarter. ING Groep NV bought a new stake in Zebra Technologies during the third quarter worth approximately $105,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Zebra Technologies by 620.3% in the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after buying an additional 459 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.4 %

NASDAQ ZBRA opened at $277.53 on Thursday. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $320.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 48.60 and a beta of 1.79. The firm’s 50 day moving average price is $285.77 and its two-hundred day moving average price is $254.05.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $4.43 EPS. The company’s quarterly revenue was down 32.9% compared to the same quarter last year. Equities analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Truist Financial assumed coverage on Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Finally, Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Hold” and an average target price of $278.64.

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.