Praxis Investment Management Inc. Purchases New Position in Zebra Technologies Corporation $ZBRA

Key Points

• Praxis Investment Management Inc. has purchased a new stake in Zebra Technologies Corporation, acquiring 2,140 shares valued at approximately $660,000 in the 2nd quarter.
• Institutional investors currently own 91.03% of Zebra Technologies stock, with several firms recently adjusting their positions and price objectives.
• Zebra Technologies reported $3.61 EPS for the last quarter, exceeding analyst expectations, and announced a share buyback plan of $250 million.

Praxis Investment Management Inc. purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,140 shares of the industrial products company's stock, valued at approximately $660,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in 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 purchasing an additional 35 shares during the last quarter. Allworth Financial LP increased its position in Zebra Technologies by 29.7% in 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 in the last quarter. Horizon Investments LLC increased its position in Zebra Technologies by 6.5% in the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 46 shares in the last quarter. Whittier Trust Co. increased its position in Zebra Technologies by 15.8% in the 1st quarter. Whittier Trust Co. now owns 344 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 47 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Zebra Technologies by 81.7% in the 2nd quarter. Blue Trust Inc. now owns 109 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ZBRA. Barclays set a $375.00 price objective on shares of Zebra Technologies in a research report on Tuesday, October 7th. Needham & Company LLC raised their price objective 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. Truist Financial raised their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. 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 report on Wednesday, August 6th. Finally, Zacks Research cut shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $369.56.

Zebra Technologies Stock Down 0.2%

Shares of NASDAQ:ZBRA opened at $293.31 on Friday. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company has a 50 day moving average of $309.25 and a 200-day moving average of $294.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 27.70 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.31 by $0.30. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Zebra Technologies 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.

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