Bank of America Gives Accenture (ACN) Lower Rating. “Buy” Rating Lost; Hbk Investments LP Decreased Zebra Technologies (ZBRA) Stake By $1.03 Million

June 29, 2018 - By rebbecca

Zebra Technologies Corporation (NASDAQ:ZBRA) Logo

Professional analysts at Bank of America’s equities research division downgraded Accenture (NYSE:ACN)‘s stock rating from “Buy” to “Neutral” on Friday morning.

Hbk Investments LP decreased Zebra Technologies Corp (ZBRA) stake by 26.06% reported in 2018Q1 SEC filing. Hbk Investments LP sold 7,400 shares as Zebra Technologies Corp (ZBRA)’s stock rose 9.90%. The Hbk Investments LP holds 21,000 shares with $2.92 million value, down from 28,400 last quarter. Zebra Technologies Corp now has $7.65 billion valuation. The stock increased 1.09% or $1.55 during the last trading session, reaching $143.31. About 212,258 shares traded. Zebra Technologies Corporation (NASDAQ:ZBRA) has risen 45.77% since June 29, 2017 and is uptrending. It has outperformed by 33.20% the S&P500. Some Historical ZBRA News: 08/05/2018 – Zebra 1Q Net $109M; 05/03/2018 – Doc Halo Joins Zebra’s PartnerConnect Program; 15/05/2018 – Select Equity Adds Zebra Tech, Exits Signet, Cuts Dentsply: 13F; 26/04/2018 – Zebra Technologies’ Innovative Approach to Design Recognized with Fourth Consecutive Red Dot Award; 10/04/2018 – Car Insurance Penalties For Distracted Driving Up Nearly 8,000% Since 2011, The Zebra Reports; 08/05/2018 – Zebra Sees 2Q Adj EPS $2.10-Adj EPS $2.30; 08/05/2018 – Zebra 1Q EPS $2.01; 05/03/2018 Zebra Medical Vision Announces CE Approval of Its Newest AI Imaging Algorithm – Automatic Identification of Brain Bleeds; 08/05/2018 – Zebra 1Q Adj EPS $2.56; 11/04/2018 – Zebra Technologies Unveils Elegantly Engineered Card Printing Solution Designed to `Fit Everywhere’

Analysts await Zebra Technologies Corporation (NASDAQ:ZBRA) to report earnings on August, 14. They expect $1.92 EPS, up 38.13% or $0.53 from last year’s $1.39 per share. ZBRA’s profit will be $102.52 million for 18.66 P/E if the $1.92 EPS becomes a reality. After $2.36 actual EPS reported by Zebra Technologies Corporation for the previous quarter, Wall Street now forecasts -18.64% negative EPS growth.

Investors sentiment decreased to 1.09 in 2018 Q1. Its down 0.15, from 1.24 in 2017Q4. It turned negative, as 28 investors sold ZBRA shares while 106 reduced holdings. 70 funds opened positions while 76 raised stakes. 46.29 million shares or 0.51% less from 46.52 million shares in 2017Q4 were reported. Spectrum Management Grp Inc has invested 0% of its portfolio in Zebra Technologies Corporation (NASDAQ:ZBRA). Menta Capital Llc invested in 0.2% or 6,760 shares. Neuberger Berman Gp Ltd Company owns 1.08 million shares or 0.17% of their US portfolio. Chesley Taft & Assocs Lc holds 0.06% in Zebra Technologies Corporation (NASDAQ:ZBRA) or 4,836 shares. State Of Tennessee Treasury Department, Tennessee-based fund reported 45,133 shares. First Quadrant Lp Ca owns 0.06% invested in Zebra Technologies Corporation (NASDAQ:ZBRA) for 21,657 shares. Vaughan Nelson Inv Management Lp stated it has 426,523 shares. Price T Rowe Assoc Md invested in 0.01% or 547,846 shares. Boston Prtn stated it has 36,058 shares. Vanguard Group has invested 0.03% of its portfolio in Zebra Technologies Corporation (NASDAQ:ZBRA). Optimum Invest Advsrs has invested 0.04% in Zebra Technologies Corporation (NASDAQ:ZBRA). 1,910 were reported by Ipg Invest Advsr Limited Liability Company. 21,549 are held by National Bank & Trust Of Montreal Can. State Street Corporation owns 1.38M shares. Koch invested in 3,278 shares or 0.05% of the stock.

Since February 26, 2018, it had 0 buys, and 15 insider sales for $17.64 million activity. Schmitz Jeffrey F sold 1,474 shares worth $208,556. Cho Michael had sold 2,024 shares worth $314,084 on Tuesday, May 22. MANIRE ROSS W sold $270,340 worth of stock or 2,000 shares. The insider GUSTAFSSON ANDERS sold 42,557 shares worth $6.01 million. $372,112 worth of Zebra Technologies Corporation (NASDAQ:ZBRA) was sold by TERZICH MICHAEL H. GAGNIER HUGH K sold $2.15 million worth of Zebra Technologies Corporation (NASDAQ:ZBRA) on Friday, May 11. $444,900 worth of Zebra Technologies Corporation (NASDAQ:ZBRA) was sold by Heel Joachim.

Hbk Investments LP increased Alcoa Corp stake by 332,389 shares to 361,943 valued at $16.27M in 2018Q1. It also upped Jabil Inc (NYSE:JBL) stake by 93,100 shares and now owns 646,900 shares. Ensco Plc (NYSE:ESV) was raised too.

Among 7 analysts covering Zebra Technologies (NASDAQ:ZBRA), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Zebra Technologies had 10 analyst reports since February 23, 2018 according to SRatingsIntel. Wells Fargo maintained the stock with “Market Perform” rating in Tuesday, February 27 report. As per Wednesday, May 9, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained the shares of ZBRA in report on Friday, February 23 with “Equal-Weight” rating. The stock of Zebra Technologies Corporation (NASDAQ:ZBRA) has “Neutral” rating given on Monday, February 26 by JP Morgan. On Monday, February 26 the stock rating was downgraded by J.P. Morgan to “Hold”. The rating was upgraded by JP Morgan on Monday, March 26 to “Overweight”. The firm has “Buy” rating given on Friday, February 23 by Northcoast. J.P. Morgan upgraded it to “Buy” rating and $16000 target in Monday, March 26 report. Robert W. Baird maintained it with “Buy” rating and $146.0 target in Thursday, February 22 report.

More recent Zebra Technologies Corporation (NASDAQ:ZBRA) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within St. Joe, Chanticleer, Zebra Technologies, Thor …” on June 19, 2018. Also Prnewswire.com published the news titled: “Technological Advancements in MESH Networks Boosting the Billion Dollar Wireless Industry” on June 21, 2018. Investorplace.com‘s news article titled: “5 Manufacturing Stocks to Grab After Blockbuster Jobs Report” with publication date: June 04, 2018 was also an interesting one.

More notable recent Accenture plc (NYSE:ACN) news were published by: Seekingalpha.com which released: “Accenture plc (ACN) CEO Pierre Nanterme on Q3 2018 Results – Earnings Call Transcript” on June 28, 2018, also Finance.Yahoo.com with their article: “Stocks- Wall Street Mixed After Disappointing Economic Data” published on June 28, 2018, Seekingalpha.com published: “Stocks To Watch: More Trade Tiffs And Stress Tests” on June 23, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Benzinga.com and their article: “8 Stocks To Watch For June 28, 2018” published on June 28, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For June 28, 2018” with publication date: June 28, 2018.

Investors sentiment increased to 0.97 in Q1 2018. Its up 0.04, from 0.93 in 2017Q4. It improved, as 50 investors sold Accenture plc shares while 396 reduced holdings. 105 funds opened positions while 326 raised stakes. 449.75 million shares or 1.56% less from 456.89 million shares in 2017Q4 were reported. Heritage Investors Mngmt holds 14,711 shares. 424,527 were reported by Loomis Sayles And Limited Partnership. Baldwin Brothers Inc Ma has invested 0.26% in Accenture plc (NYSE:ACN). First Foundation invested in 4,740 shares. Bankshares reported 0.07% in Accenture plc (NYSE:ACN). Moreover, Burt Wealth has 0.08% invested in Accenture plc (NYSE:ACN). Alps Advsrs has 9,196 shares. Glob Endowment Mgmt L P has invested 0.14% in Accenture plc (NYSE:ACN). New Jersey-based Pinnacle Wealth Mgmt Advisory Gp Ltd Llc has invested 0.47% in Accenture plc (NYSE:ACN). The Georgia-based Signaturefd Limited Liability Co has invested 0.06% in Accenture plc (NYSE:ACN). Moreover, Court Place Limited Co has 0.19% invested in Accenture plc (NYSE:ACN) for 3,013 shares. Bnp Paribas Arbitrage accumulated 206,975 shares. Hall Laurie J Trustee accumulated 1,225 shares or 0.11% of the stock. 230,555 were reported by Clifford Swan Inv Counsel Llc. Moreover, Colonial Trust has 1.06% invested in Accenture plc (NYSE:ACN) for 33,734 shares.

Accenture plc provides consulting, technology, and outsourcing services worldwide. The company has market cap of $105.79 billion. The Company’s Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. It has a 28.91 P/E ratio. The companyÂ’s Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries.

Zebra Technologies Corporation (NASDAQ:ZBRA) Institutional Positions Chart