Raymond James Financial Inc. Cuts Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Raymond James Financial Inc. has reduced its stake in Zebra Technologies by 41.6%, now owning approximately 211,581 shares worth around $59.8 million.
• Zebra Technologies received a strong buy rating from BNP Paribas and a revised price target of $408.00 from BNP Paribas Exane, indicating a positive outlook among analysts.
• The company's quarterly EPS exceeded estimates at $3.61, along with a revenue of $1.29 billion, reflecting a 6.2% year-over-year increase.

Raymond James Financial Inc. lessened its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 41.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,581 shares of the industrial products company's stock after selling 151,009 shares during the quarter. Raymond James Financial Inc. owned about 0.41% of Zebra Technologies worth $59,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently 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 acquired a new position in Zebra Technologies during the first quarter worth $27,000. Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies during the fourth quarter worth $36,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies during the first quarter worth $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies during the first quarter worth $30,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ZBRA shares. Citigroup reaffirmed a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. Barclays set a $301.00 target price on Zebra Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, 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 research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Trading Down 2.3%

Zebra Technologies stock opened at $304.74 on Thursday. The stock has a market cap of $15.49 billion, a PE ratio of 28.78 and a beta of 1.75. The stock has a 50-day moving average price of $317.33 and a 200 day moving average price of $295.98. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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 firm 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 quarter last year, the business posted $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has approved a share repurchase 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 buy up to 1.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Zebra Technologies 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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