Norris Perne & French LLP MI Acquires 11,412 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Norris Perne & French LLP MI boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 23.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,094 shares of the industrial products company's stock after buying an additional 11,412 shares during the period. Norris Perne & French LLP MI owned approximately 0.12% of Zebra Technologies worth $17,263,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. Invesco Ltd. raised its position in Zebra Technologies by 1.5% in the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after acquiring an additional 86,766 shares in the last quarter. Geode Capital Management LLC boosted its position in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after acquiring an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent research reports. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Citigroup cut their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Five investment 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Up 0.8%

ZBRA stock opened at $291.73 on Thursday. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The business's 50 day simple moving average is $270.21 and its 200 day simple moving average is $320.43. 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 firm has a market capitalization of $14.83 billion, a PE ratio of 27.60 and a beta of 1.75.

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

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.

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