ZWJ Investment Counsel Inc. Acquires 8,617 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• ZWJ Investment Counsel Inc. increased its holdings in Zebra Technologies by 33.9%, acquiring an additional 8,617 shares during the second quarter, bringing its total ownership to about 0.07% of the company valued at $10.5 million.
• Zebra Technologies has announced a $250 million share repurchase plan, indicating the board's belief that the company's shares are undervalued.
• The company reported $3.61 earnings per share for its latest quarter, exceeding estimates, and provided a FY 2025 EPS guidance of 15.250-15.750.

ZWJ Investment Counsel Inc. raised its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 33.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,039 shares of the industrial products company's stock after acquiring an additional 8,617 shares during the quarter. ZWJ Investment Counsel Inc. owned approximately 0.07% of Zebra Technologies worth $10,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. raised its holdings in Zebra Technologies by 1.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock valued at $527,000 after acquiring an additional 35 shares during the period. Allworth Financial LP raised its holdings in Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 44 shares during the period. Horizon Investments LLC raised its holdings in Zebra Technologies by 6.5% during the first quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 46 shares during the period. Whittier Trust Co. raised its holdings in Zebra Technologies by 15.8% during the first quarter. Whittier Trust Co. now owns 344 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 47 shares during the period. Finally, Net Worth Advisory Group raised its holdings in Zebra Technologies by 2.9% during the first quarter. Net Worth Advisory Group now owns 1,788 shares of the industrial products company's stock valued at $505,000 after acquiring an additional 50 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Up 3.1%

Shares of NASDAQ ZBRA opened at $305.01 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 28.80 and a beta of 1.75. The stock has a 50 day moving average price of $315.79 and a 200 day moving average price of $294.18. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly 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 firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.Zebra Technologies's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business 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. Sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on ZBRA shares. Needham & Company LLC raised their price target 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 lifted their target price on 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 raised 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. Citigroup reaffirmed a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Barclays set a $301.00 target price on Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

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.

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