State Board of Administration of Florida Retirement System grew its stake in Zebra Technologies (NASDAQ:ZBRA) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 63,600 shares of the industrial products company’s stock after acquiring an additional 820 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Zebra Technologies were worth $13,326,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in Zebra Technologies in the first quarter worth approximately $115,000. Signition LP purchased a new position in Zebra Technologies in the first quarter worth approximately $291,000. Crossmark Global Holdings Inc. grew its position in Zebra Technologies by 4.6% in the first quarter. Crossmark Global Holdings Inc. now owns 5,986 shares of the industrial products company’s stock worth $1,254,000 after acquiring an additional 264 shares during the period. Texas Permanent School Fund grew its position in Zebra Technologies by 3.9% in the first quarter. Texas Permanent School Fund now owns 36,577 shares of the industrial products company’s stock worth $7,664,000 after acquiring an additional 1,368 shares during the period. Finally, Hall Laurie J Trustee grew its position in Zebra Technologies by 32.0% in the first quarter. Hall Laurie J Trustee now owns 330 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 88.59% of the company’s stock.
ZBRA has been the subject of several analyst reports. ValuEngine lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Needham & Company LLC restated a “buy” rating and set a $215.00 price target (up from $192.00) on shares of Zebra Technologies in a research note on Friday, February 15th. They noted that the move was a valuation call. Berenberg Bank began coverage on Zebra Technologies in a research note on Thursday, March 7th. They set a “buy” rating and a $250.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Zebra Technologies to an “overweight” rating and upped their price target for the stock from $212.00 to $225.00 in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $215.75.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm earned $2.56 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Zebra Technologies will post 11.82 EPS for the current fiscal year.
In other news, CMO Jeffrey F. Schmitz sold 1,382 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the sale, the chief marketing officer now directly owns 10,748 shares in the company, valued at $2,288,786.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bill Burns sold 2,297 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $212.41, for a total value of $487,905.77. Following the completion of the sale, the senior vice president now owns 33,536 shares in the company, valued at $7,123,381.76. The disclosure for this sale can be found here. Insiders have sold 114,894 shares of company stock worth $23,721,363 over the last 90 days. 1.77% of the stock is owned by insiders.
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About Zebra Technologies
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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