Versant Capital Management Inc Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Versant Capital Management Inc grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1,081.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189 shares of the industrial products company’s stock after acquiring an additional 173 shares during the period. Versant Capital Management Inc’s holdings in Zebra Technologies were worth $73,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Zebra Technologies by 20.6% in the second quarter. Commonwealth Equity Services LLC now owns 10,724 shares of the industrial products company’s stock valued at $3,313,000 after purchasing an additional 1,833 shares during the period. TD Asset Management Inc increased its holdings in Zebra Technologies by 3.4% in the 2nd quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock worth $6,717,000 after acquiring an additional 709 shares in the last quarter. National Bank of Canada FI raised its position in Zebra Technologies by 23.6% during the second quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock worth $4,356,000 after acquiring an additional 2,720 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Finally, Private Advisor Group LLC grew 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 valued at $676,000 after purchasing an additional 178 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $391.86 on Monday. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $413.43. The stock’s fifty day moving average is $394.60 and its two-hundred day moving average is $359.02. The company has a market capitalization of $20.21 billion, a P/E ratio of 53.31 and a beta of 1.64. 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 (NASDAQ:ZBRA) last posted its 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. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. Equities analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

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.