Versor Investments LP Has $1.35 Million Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Versor Investments LP has increased its position in Zebra Technologies by 73.9%, acquiring an additional 2,032 shares in the first quarter, bringing their total holdings to 4,780 shares valued at approximately $1.35 million.
• Zebra Technologies' stock has received mixed ratings from analysts, with target prices ranging from $301.00 to $408.00, and a consensus rating of "Moderate Buy".
• The company announced a $250 million share buyback program, indicating that its Board of Directors believes the stock is currently undervalued.

Versor Investments LP increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 73.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,780 shares of the industrial products company's stock after acquiring an additional 2,032 shares during the quarter. Versor Investments LP's holdings in Zebra Technologies were worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $107,254,000. Victory Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after buying an additional 255,193 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after buying an additional 254,895 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Zebra Technologies by 20,849.2% in the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after buying an additional 254,777 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Zebra Technologies in the first quarter valued at approximately $46,633,000. Institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ZBRA. Truist Financial upped their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price target 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. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $14.28 on Friday, hitting $322.79. 494,772 shares of the stock were exchanged, compared to its average volume of 594,006. 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 business's fifty day moving average is $317.65 and its 200 day moving average is $295.45. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a market capitalization of $16.41 billion, a PE ratio of 30.48 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The company's quarterly revenue was up 6.2% on a year-over-year basis. 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 anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its board has approved a stock buyback plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are 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.