Everence Capital Management Inc. Buys 250 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Everence Capital Management Inc. boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,790 shares of the industrial products company’s stock after purchasing an additional 250 shares during the period. Everence Capital Management Inc.’s holdings in Zebra Technologies were worth $489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in Zebra Technologies by 20.0% during the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 311 shares during the period. Victory Capital Management Inc. lifted its stake in Zebra Technologies by 218.3% during the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock worth $29,965,000 after purchasing an additional 86,888 shares during the period. Assenagon Asset Management S.A. lifted its stake in Zebra Technologies by 487.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after purchasing an additional 53,265 shares during the period. JPMorgan Chase & Co. lifted its stake in Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Zebra Technologies by 255.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock worth $1,443,000 after purchasing an additional 4,383 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $276.14 on Thursday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $320.55. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 48.36 and a beta of 1.79. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $283.60 and a 200-day moving average of $252.47.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $4.43 EPS. The firm’s revenue was down 32.9% on a year-over-year basis. On average, equities research analysts forecast that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Truist Financial assumed coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price for the company. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Hold” and an average target price of $278.64.

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.