State of Alaska Department of Revenue decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,137 shares of the industrial products company’s stock after selling 180 shares during the quarter. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $4,176,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Zions Bancorporation N.A. boosted its position in Zebra Technologies by 1,100.0% during the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 55 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Zebra Technologies during the fourth quarter worth about $28,000. Ronald Blue Trust Inc. boosted its position in Zebra Technologies by 81.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 114 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. CI Investments Inc. boosted its position in Zebra Technologies by 110.3% during the fourth quarter. CI Investments Inc. now owns 143 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Finally, First Command Financial Services Inc. acquired a new position in Zebra Technologies during the first quarter worth about $40,000. Institutional investors and hedge funds own 85.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ZBRA. TD Cowen began coverage on shares of Zebra Technologies in a research report on Thursday, March 30th. They set an “outperform” rating and a $375.00 price target on the stock. Robert W. Baird lowered their price target on shares of Zebra Technologies from $365.00 to $322.00 in a research report on Wednesday, May 3rd. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $385.00 to $340.00 in a report on Wednesday, May 3rd. Credit Suisse Group decreased their target price on shares of Zebra Technologies from $326.00 to $295.00 in a report on Wednesday, May 3rd. Finally, StockNews.com assumed coverage on shares of Zebra Technologies in a report on Thursday, May 18th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $348.14.
Zebra Technologies Price Performance
Zebra Technologies (NASDAQ:ZBRA – Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. Zebra Technologies had a net margin of 7.09% and a return on equity of 30.69%. As a group, equities research analysts expect that Zebra Technologies Co. will post 14.08 earnings per share for the current year.
Zebra Technologies Company 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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
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