Logan Capital Management Inc. Purchases 1,757 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Logan Capital Management Inc. increased its stake in Zebra Technologies by 6.0% during the 1st quarter, now holding 31,035 shares valued at approximately $8.77 million.
• Zebra Technologies announced a $250 million stock repurchase program, indicating the board's belief that the stock is undervalued.
EPS of $3.61, exceeding analysts' expectations, with a revenue of $1.29 billion for the quarter, reflecting a 6.2% increase year-over-year.

Logan Capital Management Inc. boosted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,035 shares of the industrial products company's stock after acquiring an additional 1,757 shares during the quarter. Logan Capital Management Inc. owned 0.06% of Zebra Technologies worth $8,769,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the fourth quarter worth $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the 1st quarter worth about $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Zebra Technologies during the 1st quarter valued at about $30,000. Finally, Brooklyn Investment Group lifted its holdings in Zebra Technologies by 101.9% during the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Trading Down 1.1%

Shares of Zebra Technologies 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 firm's 50-day moving average price is $321.40 and its two-hundred day moving average price is $292.65. 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 stock has a market capitalization of $15.90 billion, a PE ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has approved a stock repurchase program 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 repurchase up to 1.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

ZBRA has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a research report on Thursday, July 10th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Needham & Company LLC increased their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

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.