QRG Capital Management Inc. Has $611,000 Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• QRG Capital Management Inc. significantly reduced its holdings in Zebra Technologies, cutting its position by 69.1% during the second quarter, leaving the firm with shares worth $611,000.
• Wall Street analysts have been bullish on Zebra Technologies, with upgrades including a shift from "hold" to "strong-buy" and increased price targets ranging up to $375.00.
• Zebra Technologies announced a stock repurchase program worth $250 million, indicating the company's leaders believe its shares are currently undervalued.

QRG Capital Management Inc. cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 69.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,982 shares of the industrial products company's stock after selling 4,440 shares during the period. QRG Capital Management Inc.'s holdings in Zebra Technologies were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ZBRA. Pallas Capital Advisors LLC acquired a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $573,000. SG Americas Securities LLC raised its position in shares of Zebra Technologies by 168.3% in the 1st quarter. SG Americas Securities LLC now owns 6,366 shares of the industrial products company's stock valued at $1,799,000 after acquiring an additional 3,993 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Zebra Technologies by 9.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 34,711 shares of the industrial products company's stock valued at $9,808,000 after acquiring an additional 2,926 shares during the period. CX Institutional raised its position in shares of Zebra Technologies by 7.9% in the 1st quarter. CX Institutional now owns 1,111 shares of the industrial products company's stock valued at $314,000 after acquiring an additional 81 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $328,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of analyst reports. Zacks Research upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Needham & Company LLC increased 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. Citigroup increased their price target on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays set a $375.00 target price on Zebra Technologies in a research note on Tuesday. Finally, BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $369.56.

Zebra Technologies Stock Down 2.8%

Shares of ZBRA stock opened at $298.79 on Friday. The firm has a fifty day moving average of $313.13 and a 200-day moving average of $294.50. The company has a quick ratio of 1.03, a current ratio of 1.46 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 has a market capitalization of $15.19 billion, a price-to-earnings ratio of 28.21 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 earnings per share 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%. The business's quarterly revenue was up 6.2% on a year-over-year basis. 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. As a group, equities research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its Board of Directors has authorized a stock repurchase program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are 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.

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