Contravisory Investment Management Inc. Purchases New Holdings in Zebra Technologies Corp. (ZBRA)

Contravisory Investment Management Inc. purchased a new position in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 37,621 shares of the industrial products company’s stock, valued at approximately $3,905,000.

Several other hedge funds also recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in shares of Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Zebra Technologies by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 179 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Zebra Technologies by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock worth $1,587,000 after purchasing an additional 203 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Zebra Technologies by 1.4% during the second quarter. Voya Investment Management LLC now owns 20,159 shares of the industrial products company’s stock worth $2,026,000 after purchasing an additional 281 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Zebra Technologies by 0.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 70,916 shares of the industrial products company’s stock worth $7,700,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

In other news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $103.88 per share, with a total value of $159,975.20. Following the completion of the transaction, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

ZBRA has been the subject of several research reports. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Saturday, January 13th. ValuEngine lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $95.00 to $120.00 in a research report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $114.63.

Shares of Zebra Technologies Corp. (ZBRA) traded down $0.55 on Thursday, reaching $123.23. 387,166 shares of the company traded hands, compared to its average volume of 368,792. The company has a market capitalization of $6,562.46, a price-to-earnings ratio of 208.87, a PEG ratio of 2.21 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corp. has a 52-week low of $81.02 and a 52-week high of $124.80.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts expect that Zebra Technologies Corp. will post 6.37 EPS for the current year.

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Zebra Technologies Company Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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