Mather Group LLC. Acquires 56 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mather Group LLC. lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,395 shares of the industrial products company’s stock after buying an additional 56 shares during the period. Mather Group LLC.’s holdings in Zebra Technologies were worth $517,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ZBRA. Diversified Trust Co bought a new position in shares of Zebra Technologies in the third quarter valued at $513,000. Azzad Asset Management Inc. ADV lifted its stake in Zebra Technologies by 11.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 7,400 shares of the industrial products company’s stock valued at $2,740,000 after acquiring an additional 739 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Zebra Technologies by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 911 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 272 shares during the period. Czech National Bank increased its stake in shares of Zebra Technologies by 7.2% during the 3rd quarter. Czech National Bank now owns 10,507 shares of the industrial products company’s stock worth $3,891,000 after purchasing an additional 709 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Zebra Technologies by 0.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 38,019 shares of the industrial products company’s stock valued at $14,079,000 after purchasing an additional 212 shares during the period. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. TD Cowen increased their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. Robert W. Baird boosted their price target on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Barclays increased their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $352.73.

Zebra Technologies Trading Down 1.1 %

Shares of Zebra Technologies stock opened at $369.24 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $375.88. The company has a market capitalization of $19.05 billion, a price-to-earnings ratio of 73.26 and a beta of 1.66. The firm’s 50-day moving average price is $345.89 and its two-hundred day moving average price is $321.99.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. Zebra Technologies’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.24 EPS. On average, analysts forecast that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

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.