Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,727 shares of the industrial products company’s stock after buying an additional 6,193 shares during the period. Segall Bryant & Hamill LLC’s holdings in Zebra Technologies were worth $14,712,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies during the 3rd quarter valued at about $247,000. Tidal Investments LLC increased its holdings in shares of Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after purchasing an additional 2,422 shares during the period. Park Avenue Securities LLC raised its stake in shares of Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after purchasing an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Zebra Technologies by 24.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after purchasing an additional 2,979 shares in the last quarter. Finally, Raymond James & Associates grew its position in Zebra Technologies by 2.5% in the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after buying an additional 4,750 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZBRA. Truist Financial restated a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Needham & Company LLC upped 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. Morgan Stanley lifted their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Stephens raised their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Stock Up 0.6 %

Zebra Technologies stock opened at $384.53 on Thursday. Zebra Technologies Co. has a twelve month low of $217.38 and a twelve month high of $405.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market cap of $19.83 billion, a PE ratio of 52.32 and a beta of 1.64. The firm’s 50 day moving average price is $372.44 and its two-hundred day moving average price is $339.83.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $0.57 earnings per share. Zebra Technologies’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

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.