Bryce Point Capital LLC acquired a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 3,080 shares of the industrial products company’s stock, valued at approximately $950,000. Zebra Technologies comprises about 0.8% of Bryce Point Capital LLC’s holdings, making the stock its 20th largest holding.
Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in Zebra Technologies in the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new position in Zebra Technologies in the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies in the first quarter valued at approximately $30,000. Finally, Brooklyn Investment Group lifted its holdings in Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 54 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Stock Up 0.5%
Zebra Technologies stock opened at $270.58 on Tuesday. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The stock’s fifty day simple moving average is $302.86 and its 200-day simple moving average is $300.43. The company has a current ratio of 1.61, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $13.76 billion, a P/E ratio of 27.28 and a beta of 1.75.
Zebra Technologies announced that its board has authorized a share repurchase program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Analyst Upgrades and Downgrades
ZBRA has been the topic of a number of research reports. Zacks Research cut Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Morgan Stanley upped their price target on Zebra Technologies from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Citigroup decreased their price target on Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Finally, Truist Financial decreased their price target on Zebra Technologies from $350.00 to $331.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.00.
Read Our Latest Analysis on ZBRA
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.
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