Forum Financial Management LP Invests $359,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Forum Financial Management LP acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 930 shares of the industrial products company’s stock, valued at approximately $359,000.

A number of other institutional investors also recently bought and sold shares of ZBRA. Cascade Investment Advisors Inc. raised its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares during the period. Equitable Trust Co. lifted its position in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares during the period. New York Life Investment Management LLC grew its position in shares of Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 32 shares during the period. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZBRA shares. UBS Group reduced their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial cut their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $343.36.

Insider Buying and Selling

In related news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by insiders.

Zebra Technologies Price Performance

ZBRA stock opened at $222.05 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a market cap of $11.41 billion, a PE ratio of 21.81 and a beta of 1.76. The company has a 50-day moving average price of $276.73 and a 200 day moving average price of $350.50.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.