Baird Financial Group Inc. Sells 57,280 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Baird Financial Group Inc. reduced its stake in Zebra Technologies by 29.7%, selling 57,280 shares, now holding a total of 135,736 shares worth approximately $38.35 million.
• Zebra Technologies reported earnings of $3.61 per share for the recent quarter, exceeding analysts' expectations, with revenue of $1.29 billion and a 6.2% year-over-year increase.
• The company authorized a stock repurchase plan allowing for the buyback of $250 million in shares, indicating the board's belief that the stock is currently undervalued.

Baird Financial Group Inc. lowered its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 29.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,736 shares of the industrial products company's stock after selling 57,280 shares during the quarter. Baird Financial Group Inc. owned about 0.26% of Zebra Technologies worth $38,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Zebra Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock worth $1,798,627,000 after purchasing an additional 104,940 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after purchasing an additional 255,193 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after purchasing an additional 43,500 shares in the last quarter. Northern Trust Corp grew its position in shares of Zebra Technologies by 15.8% during the first quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock worth $162,718,000 after purchasing an additional 78,506 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Zebra Technologies by 36.4% during the first quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock worth $125,114,000 after purchasing an additional 118,247 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 1.8%

Shares of Zebra Technologies stock traded up $5.54 on Thursday, reaching $311.25. The company had a trading volume of 416,756 shares, compared to its average volume of 586,722. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 29.39 and a beta of 1.78. 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's 50-day moving average price is $321.88 and its two-hundred day moving average price is $292.93. 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 announced its earnings results 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 company'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 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. As a group, 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 of Directors has initiated a share buyback 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 repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

ZBRA has been the subject of several research analyst reports. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Robert W. Baird increased their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Barclays set a $301.00 price target on Zebra Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. 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. Finally, BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $357.44.

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.