Segall Bryant & Hamill LLC Sells 45,588 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Segall Bryant & Hamill LLC cut its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 65.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,617 shares of the industrial products company's stock after selling 45,588 shares during the period. Segall Bryant & Hamill LLC's holdings in Zebra Technologies were worth $6,673,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Benjamin Edwards Inc. increased its stake in Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after buying an additional 35 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the last quarter. GTS Securities LLC boosted its holdings in Zebra Technologies by 5.0% during the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after buying an additional 38 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in 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 last quarter. Finally, World Investment Advisors raised its stake in shares of Zebra Technologies by 1.1% in the fourth quarter. World Investment Advisors now owns 3,842 shares of the industrial products company's stock worth $1,484,000 after acquiring an additional 42 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Truist Financial reduced 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. UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley raised their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Finally, BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $350.82.

Zebra Technologies Trading Up 3.3%

NASDAQ ZBRA opened at $329.90 on Friday. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The firm's 50-day moving average is $301.50 and its two-hundred day moving average is $308.15. The stock has a market capitalization of $16.78 billion, a P/E ratio of 31.21 and a beta of 1.75.

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

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.

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