Texas Permanent School Fund Corp Has $2.63 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Texas Permanent School Fund Corp lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 19.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,503 shares of the industrial products company’s stock after selling 2,114 shares during the period. Texas Permanent School Fund Corp’s holdings in Zebra Technologies were worth $2,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Choreo LLC boosted its position in shares of Zebra Technologies by 14.0% during the 2nd quarter. Choreo LLC now owns 2,887 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 355 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Zebra Technologies by 1,087.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after buying an additional 1,533 shares during the period. Los Angeles Capital Management LLC purchased a new position in Zebra Technologies during the 2nd quarter valued at about $4,831,000. Wakefield Asset Management LLLP purchased a new position in shares of Zebra Technologies during the 2nd quarter valued at $3,168,000. Finally, Private Advisor Group LLC increased its position in shares of Zebra Technologies by 8.9% in the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 178 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Up 1.9 %

ZBRA stock opened at $343.79 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 68.21 and a beta of 1.65. The business’s 50-day moving average is $332.97 and its 200 day moving average is $312.48.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.24 earnings per share. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZBRA shares. Stephens raised their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Robert W. Baird lifted their target price on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial reaffirmed a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $349.64.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by corporate insiders.

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.