Yousif Capital Management LLC Sells 232 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Yousif Capital Management LLC trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.2% in the 4th quarter, HoldingsChannel reports. The firm owned 7,107 shares of the industrial products company’s stock after selling 232 shares during the quarter. Yousif Capital Management LLC’s holdings in Zebra Technologies were worth $1,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $59,000. GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $78,000. Huntington National Bank raised its holdings in shares of Zebra Technologies by 104.0% during the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 182 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $105,000. 91.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction 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.

Zebra Technologies Stock Performance

ZBRA stock opened at $309.05 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $288.42 and its two-hundred day simple moving average is $257.08. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $322.95. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 61.32 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $3.59 earnings per share. The business’s revenue was down 16.4% compared to the same quarter last year. Analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of several recent research reports. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Truist Financial restated a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Stephens increased their price target on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group increased their price target on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC increased their price target on Zebra Technologies from $320.00 to $352.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $310.64.

Zebra Technologies 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 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.