Busey Bank Takes $6.22 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Busey Bank acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 16,095 shares of the industrial products company’s stock, valued at approximately $6,216,000.

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $782,000. Public Sector Pension Investment Board boosted its position in shares of Zebra Technologies by 64.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,956 shares of the industrial products company’s stock worth $604,000 after purchasing an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies during the 2nd quarter worth $27,000. Creative Planning increased its holdings in shares of Zebra Technologies by 20.0% in the 2nd quarter. Creative Planning now owns 3,847 shares of the industrial products company’s stock valued at $1,188,000 after purchasing an additional 642 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Zebra Technologies by 4.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 937 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ZBRA. Morgan Stanley upped their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Needham & Company LLC upped their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $401.25.

Zebra Technologies Trading Down 1.5 %

Shares of ZBRA opened at $399.59 on Thursday. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $427.76. The stock has a fifty day moving average of $399.43 and a two-hundred day moving average of $370.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.61 billion, a PE ratio of 54.37 and a beta of 1.64.

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

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.