Norris Perne & French LLP MI Has $14.94 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Norris Perne & French LLP MI grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 49,565 shares of the industrial products company’s stock after buying an additional 2,191 shares during the period. Norris Perne & French LLP MI’s holdings in Zebra Technologies were worth $14,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at about $44,000. Tortoise Investment Management LLC boosted its position in shares of Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 100 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at about $60,000. Register Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at about $61,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at about $69,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $1.94 during trading on Friday, reaching $308.93. The company had a trading volume of 417,913 shares, compared to its average volume of 286,597. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $328.70. The stock has a market cap of $15.88 billion, a PE ratio of 61.30 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The business’s 50 day moving average price is $308.71 and its 200-day moving average price is $284.25.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company 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 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. Analysts expect that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Truist Financial restated a “hold” rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Finally, TD Cowen boosted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $323.36.

Insiders Place Their Bets

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction 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 $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

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.