Zebra Technologies Corporation $ZBRA Shares Sold by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Zebra Technologies by 31.7%, owning 5,378 shares valued at $1.66 million after selling 2,501 shares in the second quarter.
• Zebra Technologies reported an earnings per share of $3.61 for the last quarter, exceeding the consensus estimate and indicating a 6.2% increase in revenue year-over-year.
• The company's stock buyback program, approved on August 5th, allows for repurchasing up to $250 million in shares, signaling management's belief that the stock is undervalued.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,378 shares of the industrial products company's stock after selling 2,501 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Zebra Technologies were worth $1,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. lifted its stake in Zebra Technologies by 1.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock valued at $527,000 after purchasing an additional 35 shares during the last quarter. Allworth Financial LP lifted its stake in Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 44 shares during the last quarter. Horizon Investments LLC lifted its stake in Zebra Technologies by 6.5% during the first quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock valued at $212,000 after purchasing an additional 46 shares during the last quarter. Whittier Trust Co. lifted its stake in Zebra Technologies by 15.8% during the first quarter. Whittier Trust Co. now owns 344 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 47 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Zebra Technologies by 81.7% during the second quarter. Blue Trust Inc. now owns 109 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 49 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Morgan Stanley boosted their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays set a $375.00 price target on shares of Zebra Technologies in a report on Tuesday, October 7th. Finally, Needham & Company LLC boosted their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $369.56.

Zebra Technologies Stock Down 0.2%

Zebra Technologies stock opened at $293.31 on Friday. The firm has a market cap of $14.91 billion, a PE ratio of 27.70 and a beta of 1.75. 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 firm's 50 day moving average price is $309.25 and its two-hundred day moving average price is $294.61. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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 firm 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 company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has approved a stock buyback program on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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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