Zebra Technologies Corporation $ZBRA Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Zebra Technologies by 10.8%, acquiring an additional 3,578 shares in the second quarter, bringing its total ownership to about $11.3 million.
• Zebra Technologies recently reported $3.61 EPS for the quarter, surpassing analysts' expectations, and its revenue was up 6.2% year-over-year.
• The company has initiated a $250 million stock repurchase plan, indicating management's belief that the stock may be undervalued.

Swedbank AB lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,701 shares of the industrial products company's stock after acquiring an additional 3,578 shares during the quarter. Swedbank AB owned approximately 0.07% of Zebra Technologies worth $11,317,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $30,000. Brooklyn Investment Group increased its position in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after acquiring an additional 54 shares during the period. Finally, Allworth Financial LP increased its position in shares of Zebra Technologies by 29.7% during 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 period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ZBRA. Zacks Research raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Two analysts have 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $3.13 during trading hours on Monday, reaching $315.41. 382,552 shares of the company traded hands, compared to its average volume of 461,349. The stock has a market capitalization of $16.04 billion, a P/E ratio of 29.78 and a beta of 1.79. 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 business has a fifty day moving average price of $320.83 and a 200-day moving average price of $293.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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 firm had revenue of $1.29 billion for 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%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous 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 anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors 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.