Raymond James & Associates Acquires 20,863 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Raymond James & Associates raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,886 shares of the industrial products company’s stock after acquiring an additional 20,863 shares during the quarter. Raymond James & Associates owned about 0.37% of Zebra Technologies worth $57,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Norden Group LLC bought a new stake in Zebra Technologies in the first quarter worth $2,108,000. Allspring Global Investments Holdings LLC increased its position in Zebra Technologies by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock valued at $22,719,000 after acquiring an additional 5,885 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in shares of Zebra Technologies by 4.6% during the 1st quarter. Norris Perne & French LLP MI now owns 49,565 shares of the industrial products company’s stock worth $14,941,000 after acquiring an additional 2,191 shares during the last quarter. Norway Savings Bank lifted its position in shares of Zebra Technologies by 31.2% in the first quarter. Norway Savings Bank now owns 2,132 shares of the industrial products company’s stock valued at $643,000 after acquiring an additional 507 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of Zebra Technologies during the first quarter valued at about $61,000. 91.03% of the stock is owned by institutional investors.

Insider Activity

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value 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 legal filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ ZBRA traded down $3.12 during mid-day trading on Friday, hitting $309.59. The company had a trading volume of 475,225 shares, compared to its average volume of 375,392. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $322.95. The business’s 50-day simple moving average is $289.78 and its 200 day simple moving average is $258.44. The company has a market capitalization of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $3.59 EPS. Zebra Technologies’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Co. will post 10.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZBRA shares. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group raised their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird increased their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $310.64.

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.