Teza Capital Management LLC Cuts Stock Holdings in Zebra Technologies Corporation $ZBRA

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 decreased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 82.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,190 shares of the industrial products company's stock after selling 10,650 shares during the period. Teza Capital Management LLC's holdings in Zebra Technologies were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies in the fourth quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Zebra Technologies in the first quarter worth $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Zebra Technologies in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zebra Technologies in the first quarter worth $30,000. Finally, Brooklyn Investment Group grew its stake 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 worth $30,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

Zebra Technologies Stock Performance

Shares of ZBRA traded down $3.36 during midday trading on Friday, reaching $312.65. 516,923 shares of the stock were exchanged, compared to its average volume of 452,336. The business's 50-day moving average price is $321.40 and its 200 day moving average price is $292.65. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. 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 company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78.

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, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $3.18 earnings per share. The business's revenue was up 6.2% compared to the same quarter last year. 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, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are 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.