UniSuper Management Pty Ltd Buys 1,545 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• UniSuper Management Pty Ltd increased its stake in Zebra Technologies by 12.3%, holding a total of $3.99 million worth of shares as of the end of the most recent reporting period.
• Research analysts issued varied ratings for Zebra Technologies, with target prices ranging from $301.00 to $367.00, while the stock currently holds an average rating of "Moderate Buy".
• Zebra Technologies reported an earnings per share of $3.61, exceeding expectations, and announced a $250 million stock buyback plan, indicating the board's belief that the stock is undervalued.

UniSuper Management Pty Ltd lifted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 12.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,107 shares of the industrial products company's stock after purchasing an additional 1,545 shares during the period. UniSuper Management Pty Ltd's holdings in Zebra Technologies were worth $3,986,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its holdings in shares of Zebra Technologies by 5.7% in the 4th 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 during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position 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 worth $527,000 after purchasing an additional 35 shares during the period. GTS Securities LLC increased its stake in Zebra Technologies by 5.0% in the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after purchasing an additional 38 shares in the last quarter. Allworth Financial LP increased its stake 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 purchasing an additional 44 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in Zebra Technologies by 6.5% during the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock valued at $212,000 after buying an additional 46 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ZBRA. Needham & Company LLC increased their target price on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Robert W. Baird increased their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Barclays set a $301.00 target price on Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Trading Down 1.1%

NASDAQ ZBRA traded down $3.36 on Friday, hitting $312.65. 516,923 shares of the stock were exchanged, compared to its average volume of 451,989. The company's 50-day moving average price is $321.40 and its two-hundred day moving average price is $292.33. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion during 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 company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

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