Patton Fund Management Inc. Lowers Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Patton Fund Management Inc. reduced its stake in Zebra Technologies Corporation by 89.9%, holding only 896 shares after selling 7,977 shares in the second quarter.
• The company declared a $250 million share repurchase plan, indicating confidence in their stock's undervaluation.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, surpassing estimates and highlighting a 6.2% increase in revenue year-over-year.

Patton Fund Management Inc. lowered its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 89.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 896 shares of the industrial products company's stock after selling 7,977 shares during the period. Patton Fund Management Inc.'s holdings in Zebra Technologies were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Alyeska Investment Group L.P. purchased a new stake in shares of Zebra Technologies in the first quarter valued at about $99,995,000. Victory Capital Management Inc. raised its holdings in shares of Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after purchasing an additional 254,895 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Zebra Technologies by 20,849.2% in the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after purchasing an additional 254,777 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Zebra Technologies during the first quarter worth about $46,633,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

ZBRA opened at $299.77 on Friday. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 28.31 and a beta of 1.78. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $319.30 and a 200-day moving average price of $293.56. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $3.18 earnings per share. 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 expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has approved a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Citigroup restated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Truist Financial raised their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

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.

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