Optas LLC Trims Position in Zebra Technologies Corporation $ZBRA

Key Points

• Optas LLC has reduced its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 31.5%, holding 2,278 shares worth approximately $702,000.
• Multiple institutional investors, including Alyeska Investment Group and Victory Capital Management, have either increased their stakes or initiated new positions in Zebra Technologies.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, exceeding estimates, and officially approved a $250 million share buyback program.

Optas LLC lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,278 shares of the industrial products company's stock after selling 1,048 shares during the period. Optas LLC's holdings in Zebra Technologies were worth $702,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. bought a new position in Zebra Technologies during the 1st quarter worth about $99,995,000. Victory Capital Management Inc. raised its position in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after purchasing an additional 254,895 shares during the last quarter. Nuveen LLC purchased a new position in shares of Zebra Technologies in the 1st quarter valued at approximately $46,633,000. Finally, AQR Capital Management LLC raised its position in Zebra Technologies by 381.6% during the 1st quarter. AQR Capital Management LLC now owns 201,652 shares of the industrial products company's stock worth $55,892,000 after buying an additional 159,781 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent research reports. Needham & Company LLC raised their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Barclays set a $375.00 target price on shares of Zebra Technologies in a research note on Tuesday. Truist Financial lifted their target price on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Zebra Technologies in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $369.11.

Zebra Technologies Stock Up 3.6%

Shares of NASDAQ:ZBRA opened at $307.28 on Thursday. 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 firm has a market capitalization of $15.62 billion, a PE ratio of 29.02 and a beta of 1.75. The firm's 50-day moving average is $313.93 and its two-hundred day moving average is $294.49. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior 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. Analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has approved a share buyback program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is 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.

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