American Century Companies Inc. Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

American Century Companies Inc. grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,040 shares of the industrial products company’s stock after purchasing an additional 213 shares during the quarter. American Century Companies Inc.’s holdings in Zebra Technologies were worth $788,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at $140,039,000. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Zebra Technologies by 111.0% in the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock valued at $63,427,000 after purchasing an additional 86,379 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Zebra Technologies in the fourth quarter valued at about $28,423,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock worth $80,857,000 after purchasing an additional 67,742 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.9 %

Shares of NASDAQ:ZBRA opened at $225.44 on Friday. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. The business has a 50-day moving average price of $293.40 and a 200 day moving average price of $356.49. 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 (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZBRA shares. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. UBS Group dropped 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 note on Tuesday, February 18th. Finally, Truist Financial decreased their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.73.

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.