New South Capital Management Inc. Decreases Stock Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

New South Capital Management Inc. trimmed its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413,024 shares of the industrial products company's stock after selling 23,996 shares during the period. Zebra Technologies makes up 5.6% of New South Capital Management Inc.'s portfolio, making the stock its 3rd biggest holding. New South Capital Management Inc. owned approximately 0.80% of Zebra Technologies worth $116,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV raised its stake in 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 purchasing an additional 36 shares during the last quarter. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies during the 4th quarter worth about $27,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the fourth quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

ZBRA stock traded up $4.91 during trading on Wednesday, hitting $320.39. 428,787 shares of the stock traded hands, compared to its average volume of 478,841. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 30.31 and a beta of 1.75. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. 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 simple moving average of $284.00 and a 200 day simple moving average of $313.31.

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

Analysts Set New Price Targets

A number of analysts have commented on ZBRA shares. UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays decreased their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird increased their price objective 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. Finally, Morgan Stanley lifted 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 report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus 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.