Scout Investments Inc. Has $8.44 Million Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Scout Investments Inc. cut its position in Plexus Corp. (NASDAQ:PLXS) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,020 shares of the technology company’s stock after selling 1,218 shares during the period. Scout Investments Inc. owned 0.28% of Plexus worth $8,436,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Plexus by 72.3% during the 4th quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC acquired a new position in Plexus during the 4th quarter valued at about $44,000. Cetera Trust Company N.A acquired a new position in Plexus during the 4th quarter valued at about $54,000. McGlone Suttner Wealth Management Inc. acquired a new position in Plexus during the 4th quarter valued at about $66,000. Finally, TFO Wealth Partners LLC boosted its stake in Plexus by 86,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,721 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 26th. TheStreet downgraded Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC boosted their target price on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Plexus has a consensus rating of “Hold” and an average price target of $107.75.

Plexus Stock Performance

Shares of NASDAQ:PLXS traded down $1.00 during mid-day trading on Friday, reaching $104.06. The company had a trading volume of 77,650 shares, compared to its average volume of 91,058. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 28.75 and a beta of 0.95. The company’s 50-day moving average price is $103.16 and its 200-day moving average price is $100.65. Plexus Corp. has a one year low of $87.21 and a one year high of $114.27.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company had revenue of $966.90 million for the quarter, compared to analysts’ expectations of $950.75 million. During the same quarter in the previous year, the firm posted $1.45 EPS. Plexus’s revenue was down 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Plexus Corp. will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $102.10, for a total transaction of $102,100.00. Following the sale, the chief executive officer now owns 113,810 shares of the company’s stock, valued at approximately $11,620,001. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Patrick John Jermain sold 4,999 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $110.00, for a total transaction of $549,890.00. Following the completion of the transaction, the chief financial officer now directly owns 34,183 shares in the company, valued at approximately $3,760,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $102.10, for a total transaction of $102,100.00. Following the transaction, the chief executive officer now owns 113,810 shares of the company’s stock, valued at $11,620,001. The disclosure for this sale can be found here. Insiders have sold 33,730 shares of company stock valued at $3,559,444 in the last 90 days. 2.39% of the stock is currently owned by company insiders.

Plexus 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.