Nisa Investment Advisors LLC Acquires 143 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Nisa Investment Advisors LLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 24,089 shares of the industrial products company’s stock after acquiring an additional 143 shares during the period. Nisa Investment Advisors LLC’s holdings in Zebra Technologies were worth $9,304,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in Zebra Technologies in the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. raised its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.1 %

NASDAQ ZBRA opened at $421.11 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $427.76. The business has a 50 day moving average price of $397.56 and a 200-day moving average price of $367.55. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 57.29 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group boosted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by company insiders.

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.