Zebra Technologies Corporation $ZBRA Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Zebra Technologies Corporation by 0.4%, now owning approximately 2.88% of the company, valued at $418.3 million.
• Analysts have mixed views on Zebra Technologies, with Barclays setting a $301.00 target price while Robert W. Baird increased their target to $367.00, reflecting a range of ratings from "Strong Buy" to "Hold".
• Zebra Technologies reported a quarterly earnings per share of $3.61, surpassing estimates, and announced a $250 million share buyback program, signaling confidence in the stock's undervaluation.

Kayne Anderson Rudnick Investment Management LLC trimmed its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,480,316 shares of the industrial products company's stock after selling 6,058 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 2.88% of Zebra Technologies worth $418,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. NewEdge Advisors LLC lifted its position in shares of Zebra Technologies by 7.2% in the 4th quarter. NewEdge Advisors LLC now owns 942 shares of the industrial products company's stock worth $364,000 after purchasing an additional 63 shares during the period. GeoWealth Management LLC lifted its position in shares of Zebra Technologies by 103.8% in the 4th quarter. GeoWealth Management LLC now owns 161 shares of the industrial products company's stock worth $62,000 after purchasing an additional 82 shares during the period. First Trust Advisors LP lifted its position in shares of Zebra Technologies by 314.9% in the 4th quarter. First Trust Advisors LP now owns 55,700 shares of the industrial products company's stock worth $21,512,000 after purchasing an additional 42,276 shares during the period. TD Waterhouse Canada Inc. lifted its position in Zebra Technologies by 13.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 787 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 92 shares during the period. Finally, MGO One Seven LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $282,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $4.72 during mid-day trading on Friday, reaching $317.28. 88,486 shares of the company's stock traded hands, compared to its average volume of 586,117. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 29.94 and a beta of 1.75. The stock has a 50 day moving average of $320.78 and a two-hundred day moving average of $293.63. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

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

Zebra Technologies declared that its board has initiated a share repurchase program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research 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. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a report on Thursday, July 10th. Truist Financial lifted 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. Finally, Robert W. Baird lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.