Louisiana State Employees Retirement System Takes Position in Plexus Corp. (NASDAQ:PLXS)

Louisiana State Employees Retirement System bought a new position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,700 shares of the technology company's stock, valued at approximately $1,481,000.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Plexus by 0.3% during the first quarter. BlackRock Inc. now owns 4,425,537 shares of the technology company's stock worth $362,052,000 after purchasing an additional 15,398 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Plexus by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company's stock worth $321,147,000 after purchasing an additional 47,762 shares in the last quarter. State Street Corp grew its position in shares of Plexus by 0.9% during the second quarter. State Street Corp now owns 963,385 shares of the technology company's stock worth $94,643,000 after purchasing an additional 8,122 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Plexus by 13.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 615,117 shares of the technology company's stock worth $60,017,000 after purchasing an additional 73,144 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Plexus by 234.0% during the first quarter. Thrivent Financial for Lutherans now owns 596,047 shares of the technology company's stock worth $58,157,000 after purchasing an additional 417,598 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLXS. TheStreet cut Plexus from a "b" rating to a "c+" rating in a report on Tuesday, February 13th. Sidoti cut Plexus from a "buy" rating to a "neutral" rating and set a $112.00 price target for the company. in a report on Tuesday, January 9th. Benchmark restated a "buy" rating and set a $110.00 price target on shares of Plexus in a report on Wednesday, January 17th. Finally, Needham & Company LLC cut their price target on Plexus from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Plexus currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.67.

Plexus Trading Up 0.1 %

Shares of Plexus stock traded up $0.06 on Friday, reaching $93.24. The company had a trading volume of 91,824 shares, compared to its average volume of 97,627. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 20.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.52 and a quick ratio of 0.62. The firm's 50-day moving average price is $94.37 and its two-hundred day moving average price is $98.36. Plexus Corp. has a 1 year low of $83.84 and a 1 year high of $114.06.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Thursday, January 25th. The technology company reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.01). The company had revenue of $982.61 million during the quarter, compared to analysts' expectations of $982.57 million. Plexus had a return on equity of 12.16% and a net margin of 3.08%. Plexus's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. As a group, research analysts predict that Plexus Corp. will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Plexus

In related news, CFO Patrick John Jermain sold 2,532 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $92.51, for a total transaction of $234,235.32. Following the completion of the sale, the chief financial officer now directly owns 54,651 shares of the company's stock, valued at approximately $5,055,764.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the chief executive officer now directly owns 121,310 shares of the company's stock, valued at approximately $11,403,140. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Patrick John Jermain sold 2,532 shares of Plexus stock in a transaction on Monday, January 29th. The shares were sold at an average price of $92.51, for a total value of $234,235.32. Following the sale, the chief financial officer now directly owns 54,651 shares of the company's stock, valued at $5,055,764.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,453 shares of company stock worth $3,112,875. 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.