Sapient Capital LLC Makes New $633,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Sapient Capital LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,317 shares of the industrial products company’s stock, valued at approximately $633,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Zebra Technologies in the 4th quarter valued at $44,000. Centerpoint Advisors LLC purchased a new stake in shares of Zebra Technologies in the third quarter valued at approximately $59,000. Benjamin F. Edwards & Company Inc. acquired a new position in Zebra Technologies during the fourth quarter worth $69,000. Finally, GAMMA Investing LLC acquired a new position in shares of Zebra Technologies during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.0 %

ZBRA stock opened at $309.59 on Monday. The firm has a market capitalization of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $322.95. The stock has a 50-day simple moving average of $289.78 and a two-hundred day simple moving average of $258.79. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $3.59 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 10.47 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZBRA shares. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. TD Cowen upped their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC increased their price target on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Hold” and an average price target of $310.64.

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.