Jacobs Levy Equity Management Inc. Invests $4.12 Million in Zebra Technologies Corporation $ZBRA

Key Points

• Jacobs Levy Equity Management Inc. acquired 14,584 shares of Zebra Technologies Corporation, valued at approximately $4,121,000, marking a significant investment during the first quarter.
• Zebra Technologies reported an earnings per share (EPS) of $3.61 for Q2, exceeding estimates and showing a year-over-year revenue increase of 6.2%.
• The company's board approved a $250 million stock buyback program, indicating belief in the undervaluation of the company's shares.

Jacobs Levy Equity Management Inc. bought a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,584 shares of the industrial products company's stock, valued at approximately $4,121,000.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Brown Advisory Inc. lifted its position in shares of Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after purchasing an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after acquiring an additional 1,964 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after acquiring an additional 66 shares during the period. Asset Management One Co. Ltd. lifted its position in Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after acquiring an additional 1,267 shares during the period. Finally, Allworth Financial LP lifted its position in Zebra Technologies by 29.7% during the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a research report on Thursday, July 10th. Truist Financial raised their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Down 1.1%

NASDAQ:ZBRA traded down $3.36 on Friday, reaching $312.65. 516,923 shares of the stock traded hands, compared to its average volume of 451,989. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company's fifty day simple moving average is $321.40 and its 200 day simple moving average is $292.33.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. Zebra Technologies's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has approved a share repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Zebra Technologies Company 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.