Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 200.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 594 shares of the industrial products company’s stock after acquiring an additional 396 shares during the period. First Horizon Advisors Inc.’s holdings in Zebra Technologies were worth $184,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Capital Investment Services of America Inc. increased its position in Zebra Technologies by 2.3% during the second quarter. Capital Investment Services of America Inc. now owns 60,402 shares of the industrial products company’s stock worth $18,660,000 after purchasing an additional 1,366 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Zebra Technologies by 0.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,776 shares of the industrial products company’s stock worth $7,345,000 after purchasing an additional 123 shares in the last quarter. Raymond James & Associates raised its holdings in Zebra Technologies by 2.5% in the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after buying an additional 4,750 shares during the period. Boston Trust Walden Corp lifted its position in Zebra Technologies by 18.2% during the second quarter. Boston Trust Walden Corp now owns 181,341 shares of the industrial products company’s stock valued at $56,022,000 after buying an additional 27,871 shares in the last quarter. Finally, Everpar Advisors LLC grew its stake in Zebra Technologies by 4.4% during the second quarter. Everpar Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $568,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

NASDAQ ZBRA opened at $344.85 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The company has a 50-day simple moving average of $320.38 and a 200-day simple moving average of $302.58. The firm has a market capitalization of $17.79 billion, a PE ratio of 68.42 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.24 earnings per share. On average, equities analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ZBRA shares. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays raised their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Stephens upped their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $349.64.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.06% of the company’s stock.

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.