Zebra Technologies Corporation $ZBRA Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has significantly decreased its stake in Zebra Technologies by 82.9%, now owning only 2,190 shares valued at approximately $619,000.
• Zebra Technologies reported a quarterly earnings per share (EPS) of $3.61, exceeding analyst expectations, and indicated a revenue increase of 6.2% compared to the same quarter last year.
• The company has initiated a $250 million stock repurchase plan, signaling management's belief that its shares are undervalued.

Teza Capital Management LLC cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 82.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,190 shares of the industrial products company's stock after selling 10,650 shares during the quarter. Teza Capital Management LLC's holdings in Zebra Technologies were worth $619,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Zebra Technologies in the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Zebra Technologies in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zebra Technologies in the first quarter valued at approximately $30,000. Finally, Brooklyn Investment Group increased its position in shares of Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after buying an additional 54 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZBRA shares. Robert W. Baird boosted their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Citigroup restated a "neutral" rating and issued a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Morgan Stanley boosted their price objective on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Needham & Company LLC boosted their price target on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Trading Down 1.1%

NASDAQ ZBRA traded down $3.36 on Friday, reaching $312.65. 516,923 shares of the company were exchanged, compared to its average volume of 452,336. The business's fifty day moving average price is $321.40 and its 200 day moving average price is $292.46. The stock has a market capitalization of $15.90 billion, a P/E ratio of 29.52 and a beta of 1.78. 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 Corporation has a fifty-two week low of $205.73 and a fifty-two week 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, 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 return on equity of 18.95% and a net margin of 10.56%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

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