IFM Investors Pty Ltd Has $3.17 Million Stock Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

IFM Investors Pty Ltd boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,219 shares of the industrial products company's stock after purchasing an additional 1,176 shares during the period. IFM Investors Pty Ltd's holdings in Zebra Technologies were worth $3,170,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ZBRA. EverSource Wealth Advisors LLC increased its position in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after purchasing an additional 32 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after purchasing an additional 35 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the last quarter. GTS Securities LLC increased its position in shares of Zebra Technologies by 5.0% in the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after purchasing an additional 38 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Zebra Technologies by 21.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 224 shares of the industrial products company's stock valued at $87,000 after buying an additional 39 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $5.95 during midday trading on Tuesday, reaching $323.06. The company's stock had a trading volume of 372,909 shares, compared to its average volume of 599,443. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $290.34 and a 200 day moving average price of $310.76. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 30.56 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $2.84 EPS. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Needham & Company LLC reduced their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup reduced their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird boosted their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Company 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.