Jacobs Levy Equity Management Inc. Buys Shares of 14,584 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. purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,584 shares of the industrial products company's stock, valued at approximately $4,121,000.

Other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. grew its position in Zebra Technologies by 5.7% during the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 35 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Zebra Technologies by 1.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock valued at $527,000 after buying an additional 35 shares during the period. GTS Securities LLC grew its holdings in shares of Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 38 shares in the last quarter. Allworth Financial LP increased its stake in shares of Zebra Technologies by 29.7% in the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after acquiring an additional 44 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Zebra Technologies by 6.5% in the first quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock worth $212,000 after acquiring an additional 46 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research reports. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays set a $301.00 price target on Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Robert W. Baird increased their price objective on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Morgan Stanley lifted their target price 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Down 1.1%

Shares of NASDAQ ZBRA traded down $3.36 during mid-day trading on Friday, reaching $312.65. 516,923 shares of the company traded hands, compared to its average volume of 452,336. The company's fifty day moving average is $321.40 and its two-hundred day moving average is $292.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market cap of $15.90 billion, a PE ratio of 29.52 and a beta of 1.78.

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

Zebra Technologies declared that its board has authorized a share buyback program on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

About Zebra Technologies

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.