UniSuper Management Pty Ltd Boosts Holdings in 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 holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,107 shares of the industrial products company's stock after buying an additional 1,545 shares during the quarter. UniSuper Management Pty Ltd's holdings in Zebra Technologies were worth $3,986,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Benjamin Edwards Inc. lifted its stake in shares of Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after buying an additional 35 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of 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 buying an additional 35 shares in the last quarter. GTS Securities LLC lifted its stake in shares of Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after buying an additional 38 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Zebra Technologies by 29.7% during the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after buying an additional 44 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of 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 in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating and set a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Truist Financial upped their target price 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. Needham & Company LLC upped their target price 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. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Morgan Stanley upped their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Trading Down 1.1%

Shares of ZBRA stock traded down $3.36 on Friday, hitting $312.65. 516,923 shares of the company's stock traded hands, compared to its average volume of 452,336. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company's fifty day simple moving average is $321.40 and its 200 day simple moving average is $292.65. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.31 by $0.30. The company 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 firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has authorized a stock 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 buy up to 1.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is 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.