Zebra Technologies Corporation (ZBRA) Director Frank Blaise Modruson Purchases 1,540 Shares of Stock

Zebra Technologies Corporation (NASDAQ:ZBRA) Director Frank Blaise Modruson acquired 1,540 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zebra Technologies Corporation (ZBRA) opened at $104.94 on Tuesday. The firm has a market capitalization of $5,554.00, a P/E ratio of 16.79, a PEG ratio of 2.21 and a beta of 1.62. 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 Corporation has a 52 week low of $65.69 and a 52 week high of $117.44.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. research analysts expect that Zebra Technologies Corporation will post 6.31 EPS for the current year.

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Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $118.00 price objective (up previously from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Zacks Investment Research lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. J P Morgan Chase & Co upped their price objective on Zebra Technologies Corporation to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Finally, Wellington Shields upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Zebra Technologies Corporation presently has a consensus rating of “Buy” and an average price target of $111.75.

A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. grew its position in Zebra Technologies Corporation 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 buying an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zebra Technologies Corporation by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after buying an additional 71 shares in the last quarter. Teacher Retirement System of Texas grew its position in Zebra Technologies Corporation by 2.2% during the second quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock worth $430,000 after buying an additional 92 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Zebra Technologies Corporation 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 buying an additional 179 shares in the last quarter. Finally, World Asset Management Inc grew its position in Zebra Technologies Corporation by 5.1% during the second quarter. World Asset Management Inc now owns 3,821 shares of the industrial products company’s stock worth $384,000 after buying an additional 187 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies Corporation

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.

Insider Buying and Selling by Quarter for Zebra Technologies Corporation (NASDAQ:ZBRA)

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