Pacer Advisors Inc. Increases Position in Zebra Technologies Corporation (ZBRA)

Pacer Advisors Inc. Increases Position in Zebra Technologies Corporation (ZBRA)

Pacer Advisors Inc. boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 23.6% during the third quarter, Holdings Channel reports. The fund owned 3,957 shares of the company’s stock after buying an additional 755 shares during the period. Pacer Advisors Inc.’s holdings in Zebra Technologies Corporation were worth $275,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. People s United Financial Inc. increased its stake in shares of Zebra Technologies Corporation by 0.3% in the third quarter. People s United Financial Inc. now owns 14,660 shares of the company’s stock worth $1,020,000 after buying an additional 41 shares during the last quarter. IBM Retirement Fund increased its stake in shares of Zebra Technologies Corporation by 0.8% in the second quarter. IBM Retirement Fund now owns 5,236 shares of the company’s stock worth $262,000 after buying an additional 43 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Zebra Technologies Corporation by 11.4% in the third quarter. Advisor Group Inc. now owns 1,506 shares of the company’s stock worth $105,000 after buying an additional 154 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Zebra Technologies Corporation by 6.2% in the third quarter. LS Investment Advisors LLC now owns 3,356 shares of the company’s stock worth $234,000 after buying an additional 196 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Zebra Technologies Corporation by 0.9% in the third quarter. Arizona State Retirement System now owns 23,459 shares of the company’s stock worth $1,633,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.47% of the company’s stock.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded down 0.14% on Friday, reaching $84.56. 261,273 shares of the company were exchanged. The stock’s 50-day moving average is $85.09 and its 200 day moving average is $70.81. Zebra Technologies Corporation has a 12-month low of $46.13 and a 12-month high of $88.03. The firm’s market capitalization is $4.46 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 15th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. The business earned $904 million during the quarter. Zebra Technologies Corporation had a positive return on equity of 30.70% and a negative net margin of 4.68%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. On average, analysts forecast that Zebra Technologies Corporation will post $5.46 EPS for the current year.

A number of equities research analysts have issued reports on the stock. J P Morgan Chase & Co set a $100.00 price objective on shares of Zebra Technologies Corporation and gave the stock a “buy” rating in a research note on Friday, December 9th. Avondale Partners upgraded shares of Zebra Technologies Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 15th. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Imperial Capital increased their target price on shares of Zebra Technologies Corporation from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, October 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Zebra Technologies Corporation presently has an average rating of “Hold” and an average target price of $74.19.

In other Zebra Technologies Corporation news, CEO Anders Gustafsson sold 25,000 shares of Zebra Technologies Corporation stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $84.91, for a total transaction of $2,122,750.00. Following the completion of the transaction, the chief executive officer now owns 281,181 shares of the company’s stock, valued at approximately $23,875,078.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by insiders.

About Zebra Technologies Corporation

Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products.

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