Pacer Advisors Inc. Sells 26,099 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Pacer Advisors Inc. decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 95.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,379 shares of the industrial products company’s stock after selling 26,099 shares during the period. Pacer Advisors Inc.’s holdings in Zebra Technologies were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZBRA. Zions Bancorporation N.A. boosted its holdings in Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 55 shares in the last quarter. Mach 1 Financial Group LLC bought a new stake in Zebra Technologies in the third quarter valued at $25,000. Fiduciary Alliance LLC bought a new stake in Zebra Technologies in the fourth quarter valued at $28,000. Achmea Investment Management B.V. bought a new stake in Zebra Technologies in the third quarter valued at $28,000. Finally, Ronald Blue Trust Inc. boosted its holdings in Zebra Technologies by 81.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 114 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 85.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZBRA shares. Robert W. Baird cut their price target on shares of Zebra Technologies from $365.00 to $322.00 in a report on Wednesday. Credit Suisse Group cut their price target on shares of Zebra Technologies from $326.00 to $295.00 in a report on Wednesday. StockNews.com started coverage on shares of Zebra Technologies in a report on Thursday, March 16th. They set a “hold” rating on the stock. Stephens boosted their target price on shares of Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 21st. Finally, TD Cowen started coverage on shares of Zebra Technologies in a report on Thursday, March 30th. They set an “outperform” rating and a $375.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $348.14.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,600 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $292.38, for a total transaction of $467,808.00. Following the completion of 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 SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $273.80 on Friday. Zebra Technologies Co. has a fifty-two week low of $224.87 and a fifty-two week high of $365.97. The business has a 50-day simple moving average of $293.83 and a two-hundred day simple moving average of $282.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.44 and a current ratio of 0.88. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 23.60 and a beta of 1.67.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its earnings results on Thursday, February 16th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.16. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Zebra Technologies had a return on equity of 30.69% and a net margin of 7.09%. Zebra Technologies’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.21 EPS. On average, analysts expect that Zebra Technologies Co. will post 16.02 earnings per share for the current year.

Zebra Technologies Profile

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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.