American Century Companies Inc. Grows Position in Plexus Corp. (NASDAQ:PLXS)

American Century Companies Inc. increased its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 544,017 shares of the technology company's stock after buying an additional 228,027 shares during the period. American Century Companies Inc. owned about 2.01% of Plexus worth $85,128,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after buying an additional 84 shares during the period. Glenmede Trust Co. NA boosted its holdings in Plexus by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 2,453 shares of the technology company's stock valued at $335,000 after acquiring an additional 104 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in Plexus by 1.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company's stock valued at $924,000 after purchasing an additional 107 shares during the period. GAMMA Investing LLC raised its holdings in Plexus by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 891 shares of the technology company's stock worth $139,000 after purchasing an additional 131 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in shares of Plexus in the 4th quarter worth approximately $28,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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Plexus Stock Down 1.7 %

NASDAQ PLXS traded down $2.23 on Friday, hitting $127.76. 138,902 shares of the company were exchanged, compared to its average volume of 158,351. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.45 billion, a PE ratio of 29.64 and a beta of 0.90. The stock has a fifty day moving average of $136.60 and a 200-day moving average of $145.71. Plexus Corp. has a 12 month low of $92.72 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. As a group, analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PLXS shares. Stifel Nicolaus assumed coverage on shares of Plexus in a research report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price objective for the company. Needham & Company LLC increased their price target on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Benchmark restated a "buy" rating and set a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $163.00.

Insider Activity

In other news, CFO Patrick John Jermain sold 3,361 shares of Plexus stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $144.57, for a total transaction of $485,899.77. Following the completion of the transaction, the chief financial officer now directly owns 20,745 shares in the company, valued at $2,999,104.65. This trade represents a 13.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 4,337 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total transaction of $616,851.51. Following the sale, the chief executive officer now directly owns 80,595 shares of the company's stock, valued at approximately $11,463,026.85. The trade was a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,458 shares of company stock worth $2,786,515 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.