Public Employees Retirement Association of Colorado Has $552,000 Position in Plexus Corp. (NASDAQ:PLXS)

Public Employees Retirement Association of Colorado lessened its position in Plexus Corp. (NASDAQ:PLXS) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,527 shares of the technology company’s stock after selling 84 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Plexus were worth $552,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in shares of Plexus in the 4th quarter valued at $28,000. Aquatic Capital Management LLC increased its holdings in shares of Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock worth $37,000 after acquiring an additional 134 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Plexus during the fourth quarter worth about $45,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Plexus by 45.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Plexus in the 4th quarter valued at approximately $56,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Performance

Shares of PLXS stock opened at $124.16 on Friday. Plexus Corp. has a 12 month low of $100.94 and a 12 month high of $172.89. The company’s fifty day simple moving average is $124.63 and its 200-day simple moving average is $143.82. The firm has a market cap of $3.36 billion, a PE ratio of 28.81 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.54 by $0.12. The firm had revenue of $980.17 million for the quarter, compared to analysts’ expectations of $980.07 million. Plexus had a net margin of 3.03% and a return on equity of 10.36%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Equities research analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on PLXS. Stifel Nicolaus set a $145.00 target price on shares of Plexus in a report on Thursday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $162.00 price objective (down from $172.00) on shares of Plexus in a research report on Friday, April 25th. Finally, Benchmark lowered their target price on Plexus from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Insiders Place Their Bets

In other Plexus news, insider Michael J. Running sold 1,250 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $138.62, for a total value of $173,275.00. Following the completion of the sale, the insider now owns 1,276 shares in the company, valued at $176,879.12. This trade represents a 49.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randy J. Martinez sold 887 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,174 shares of company stock valued at $1,569,216 in the last 90 days. 1.76% of the stock is currently owned by insiders.

About Plexus

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.