Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 646 shares of the industrial products company’s stock after purchasing an additional 53 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Zebra Technologies were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in Zebra Technologies during the third quarter worth about $2,113,000. Versor Investments LP acquired a new stake in Zebra Technologies during the third quarter worth about $1,752,000. LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies during the fourth quarter worth about $643,000. Cerity Partners LLC increased its stake in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Zebra Technologies during the fourth quarter worth about $695,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 2.9 %

Shares of ZBRA opened at $297.92 on Wednesday. The company has a market capitalization of $15.31 billion, a P/E ratio of 29.27 and a beta of 1.63. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a 50-day moving average price of $370.44 and a 200 day moving average price of $372.78.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZBRA. Barclays dropped their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group lowered their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies 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.