South Dakota Investment Council Sells 16,638 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

South Dakota Investment Council cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 96.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 548 shares of the industrial products company’s stock after selling 16,638 shares during the period. South Dakota Investment Council’s holdings in Zebra Technologies were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in Zebra Technologies in the fourth quarter valued at approximately $1,999,000. World Equity Group Inc. acquired a new stake in Zebra Technologies during the 4th quarter worth $338,000. Paradigm Asset Management Co. LLC bought a new position in Zebra Technologies during the fourth quarter worth about $734,000. Grove Street Fiduciary LLC bought a new position in Zebra Technologies during the fourth quarter worth about $346,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Zebra Technologies by 111.0% in the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock worth $63,427,000 after acquiring an additional 86,379 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $309.55 on Tuesday. The firm’s fifty day moving average price is $380.09 and its two-hundred day moving average price is $373.71. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The firm has a market capitalization of $15.90 billion, a P/E ratio of 30.41 and a beta of 1.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Morgan Stanley reduced their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Company 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.