Sowell Financial Services LLC bought a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,674 shares of the technology company's stock, valued at approximately $2,140,000. Sowell Financial Services LLC owned 0.05% of Plexus as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in Plexus during the fourth quarter valued at $107,489,000. Raymond James Financial Inc. bought a new stake in Plexus during the fourth quarter worth about $15,892,000. Disciplined Growth Investors Inc. MN grew its holdings in Plexus by 2.8% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company's stock worth $296,457,000 after purchasing an additional 59,465 shares during the period. Algert Global LLC increased its stake in shares of Plexus by 1,546.5% during the third quarter. Algert Global LLC now owns 45,790 shares of the technology company's stock valued at $6,260,000 after purchasing an additional 43,009 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Plexus by 139.4% during the third quarter. Barclays PLC now owns 48,786 shares of the technology company's stock valued at $6,669,000 after purchasing an additional 28,406 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PLXS has been the topic of several recent research reports. Benchmark restated a "buy" rating and issued a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. StockNews.com upgraded Plexus from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Stifel Nicolaus began coverage on shares of Plexus in a research report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price objective on the stock. Finally, Needham & Company LLC upped their target price on shares of Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Plexus presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.00.
View Our Latest Analysis on Plexus
Insider Activity
In other news, Director Randy J. Martinez sold 887 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total value of $124,641.24. Following the transaction, the director now owns 4,831 shares in the company, valued at $678,852.12. This represents a 15.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Running sold 1,250 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $138.62, for a total transaction of $173,275.00. Following the sale, the insider now owns 1,276 shares of the company's stock, valued at $176,879.12. This trade represents a 49.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,458 shares of company stock valued at $2,786,515 in the last ninety days. 1.76% of the stock is currently owned by company insiders.
Plexus Stock Performance
NASDAQ PLXS traded down $2.63 during trading hours on Thursday, hitting $120.51. The company's stock had a trading volume of 172,633 shares, compared to its average volume of 148,166. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $172.89. The company's 50 day simple moving average is $144.89 and its two-hundred day simple moving average is $145.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The company has a market cap of $3.26 billion, a P/E ratio of 27.96 and a beta of 0.90.
Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 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, sell-side analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.
Plexus Company Profile
(
Free Report)
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.
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