Simon Quick Advisors LLC Makes New Investment in Zebra Technologies Corporation (NASDAQ:ZBRA)

Simon Quick Advisors LLC acquired a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,161 shares of the industrial products company's stock, valued at approximately $328,000.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Coldstream Capital Management Inc. increased its position in shares of Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after acquiring an additional 72 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after purchasing an additional 525 shares during the last quarter. LPL Financial LLC raised its stake in shares of Zebra Technologies by 14.8% during the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock worth $13,057,000 after purchasing an additional 4,347 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Zebra Technologies by 18.0% in the 4th quarter. Savant Capital LLC now owns 775 shares of the industrial products company's stock valued at $299,000 after buying an additional 118 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Zebra Technologies by 0.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company's stock valued at $7,802,000 after buying an additional 154 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $3.90 during mid-day trading on Wednesday, hitting $293.26. 319,539 shares of the stock were exchanged, compared to its average volume of 606,826. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm's 50-day simple moving average is $269.26 and its 200 day simple moving average is $320.63. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 27.74 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, beating the consensus estimate of $3.60 by $0.42. The business 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%. Zebra Technologies's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 earnings per share. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley raised 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. Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC cut their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird lifted their target price on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $331.20.

About Zebra Technologies

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.