Ameriprise Financial Inc. Buys 21,516 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Ameriprise Financial Inc. increased its stake in Zebra Technologies Corporation by 7.3% in Q1, owning approximately 0.61% of the company with a total value of $89 million.
• Zebra Technologies reported earnings of $3.61 per share, exceeding analysts' estimates, and announced a $250 million share buyback program, indicating strong confidence in the company's stock value.
• Multiple analysts have raised their target prices for Zebra Technologies, with most ratings reflecting a Moderate Buy sentiment and an average target price of $357.44.

Ameriprise Financial Inc. boosted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,191 shares of the industrial products company's stock after purchasing an additional 21,516 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.61% of Zebra Technologies worth $89,060,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Norinchukin Bank The raised its holdings in shares of Zebra Technologies by 14.8% during the 1st quarter. Norinchukin Bank The now owns 2,594 shares of the industrial products company's stock worth $733,000 after acquiring an additional 334 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $7,952,000. Credit Agricole S A raised its holdings in shares of Zebra Technologies by 10.9% during the 1st quarter. Credit Agricole S A now owns 11,927 shares of the industrial products company's stock worth $3,370,000 after acquiring an additional 1,176 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Zebra Technologies by 44.3% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,493 shares of the industrial products company's stock worth $4,936,000 after acquiring an additional 5,369 shares in the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Zebra Technologies by 12.3% during the 1st quarter. Groupama Asset Managment now owns 2,431 shares of the industrial products company's stock worth $683,000 after acquiring an additional 266 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZBRA has been the topic of several recent research reports. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird increased their price target on Zebra Technologies from $320.00 to $367.00 and gave the company 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 report on Thursday, July 10th. Citigroup restated a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Needham & Company LLC increased 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. One investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Trading Down 1.5%

ZBRA stock traded down $4.91 during midday trading on Friday, reaching $317.09. The company's stock had a trading volume of 440,532 shares, compared to its average volume of 588,246. 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 stock has a fifty day simple moving average of $320.78 and a two-hundred day simple moving average of $293.63. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 29.94 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $3.18 earnings per share. The business's revenue was up 6.2% compared to the same quarter last year. 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, equities research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has authorized a share repurchase plan 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 buy up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are 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.