State Board of Administration of Florida Retirement System Sells 5,110 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Posted by on May 8th, 2023

State Board of Administration of Florida Retirement System decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,257 shares of the industrial products company’s stock after selling 5,110 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Zebra Technologies worth $15,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Providence Capital Advisors LLC increased its holdings in Zebra Technologies by 50.2% in the 4th quarter. Providence Capital Advisors LLC now owns 21,288 shares of the industrial products company’s stock worth $5,455,000 after acquiring an additional 7,113 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Zebra Technologies by 2.3% during the fourth quarter. Toronto Dominion Bank now owns 29,474 shares of the industrial products company’s stock valued at $7,553,000 after buying an additional 655 shares during the period. Commonwealth Equity Services LLC grew its stake in Zebra Technologies by 6.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,650 shares of the industrial products company’s stock worth $1,961,000 after purchasing an additional 458 shares during the period. Bleakley Financial Group LLC bought a new stake in Zebra Technologies in the fourth quarter worth $759,000. Finally, Boston Family Office LLC boosted its holdings in Zebra Technologies by 2.5% in the fourth quarter. Boston Family Office LLC now owns 79,185 shares of the industrial products company’s stock worth $20,304,000 after acquiring an additional 1,919 shares in the last quarter. 85.16% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 3.3 %

Zebra Technologies stock opened at $273.80 on Monday. Zebra Technologies Co. has a 52 week low of $224.87 and a 52 week high of $365.97. 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 capitalization of $14.07 billion, a price-to-earnings ratio of 23.60 and a beta of 1.67. The company has a 50 day moving average price of $293.83 and a 200 day moving average price of $283.27.

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

Insider Activity

In other news, insider Michael Cho sold 1,600 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the transaction, the insider now directly owns 3,168 shares of the company’s stock, valued at $926,259.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Credit Suisse Group cut their target price on Zebra Technologies from $326.00 to $295.00 in a research report on Wednesday, May 3rd. Needham & Company LLC dropped their target price on Zebra Technologies from $385.00 to $340.00 in a research note on Wednesday, May 3rd. TD Cowen started coverage on Zebra Technologies in a report on Thursday, March 30th. They issued an “outperform” rating and a $375.00 price objective for the company. Robert W. Baird reduced their price target on Zebra Technologies from $365.00 to $322.00 in a report on Wednesday, May 3rd. Finally, Stephens upped their price target on Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $348.14.

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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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