FourThought Financial LLC increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 15.7% during the third quarter, HoldingsChannel reports. The fund owned 310 shares of the industrial products company’s stock after acquiring an additional 42 shares during the quarter. FourThought Financial LLC’s holdings in Zebra Technologies were worth $81,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Wealth Management LLC DE grew its position in Zebra Technologies by 2.9% in the 3rd quarter. Congress Wealth Management LLC DE now owns 36,190 shares of the industrial products company’s stock worth $9,481,000 after purchasing an additional 1,005 shares in the last quarter. Alps Advisors Inc. bought a new stake in Zebra Technologies in the 2nd quarter worth about $263,000. Quadrant Capital Group LLC grew its position in Zebra Technologies by 48.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 296 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 96 shares in the last quarter. Mather Group LLC. grew its position in Zebra Technologies by 29.9% in the 2nd quarter. Mather Group LLC. now owns 1,814 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 418 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Zebra Technologies by 8.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,495,092 shares of the industrial products company’s stock worth $439,482,000 after purchasing an additional 116,907 shares in the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.
Insiders Place Their Bets
In other Zebra Technologies news, insider Michael Cho sold 1,600 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the sale, the insider now directly owns 3,168 shares in the company, valued at approximately $926,259.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.11% of the company’s stock.
Zebra Technologies Stock Performance
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.16. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Zebra Technologies had a net margin of 8.01% and a return on equity of 31.19%. Zebra Technologies’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.21 EPS. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 15.9 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Zebra Technologies from $300.00 to $315.00 in a research report on Tuesday, December 20th. StockNews.com initiated coverage on shares of Zebra Technologies in a research report on Thursday. They issued a “hold” rating for the company. Morgan Stanley increased their target price on shares of Zebra Technologies from $225.00 to $260.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. Needham & Company LLC increased their target price on shares of Zebra Technologies from $330.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Finally, Stephens increased their target price on shares of Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $373.71.
About Zebra Technologies
Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
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