101,561 Shares in Plexus Corp. (NASDAQ:PLXS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,561 shares of the technology company's stock, valued at approximately $15,892,000. Raymond James Financial Inc. owned about 0.38% of Plexus at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in Plexus during the 4th quarter valued at $107,489,000. Stifel Financial Corp acquired a new stake in shares of Plexus during the third quarter valued at $332,000. Barclays PLC increased its position in Plexus by 139.4% during the 3rd quarter. Barclays PLC now owns 48,786 shares of the technology company's stock worth $6,669,000 after purchasing an additional 28,406 shares in the last quarter. KBC Group NV raised its stake in Plexus by 59.9% in the 4th quarter. KBC Group NV now owns 1,180 shares of the technology company's stock valued at $185,000 after purchasing an additional 442 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Plexus in the 4th quarter valued at about $783,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Plexus

In other Plexus news, insider Frank Zycinski sold 1,200 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.84, for a total transaction of $169,008.00. Following the completion of the sale, the insider now directly owns 723 shares in the company, valued at $101,827.32. The trade was a 62.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Running sold 1,250 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 1,276 shares in the company, valued at approximately $176,879.12. This represents a 49.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,958 shares of company stock worth $2,551,930 in the last three months. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $162.00 price objective (down previously from $172.00) on shares of Plexus in a research report on Friday. Benchmark cut their price target on Plexus from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday. Finally, Stifel Nicolaus set a $145.00 price objective on Plexus in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Plexus presently has an average rating of "Moderate Buy" and an average price target of $155.67.

Plexus Trading Up 1.2 %

NASDAQ:PLXS traded up $1.45 during trading hours on Friday, reaching $126.80. 142,114 shares of the company were exchanged, compared to its average volume of 166,643. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 29.42 and a beta of 0.83. The stock has a 50 day simple moving average of $125.74 and a 200 day simple moving average of $144.14. Plexus Corp. has a 52-week low of $99.05 and a 52-week high of $172.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate 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 predict that Plexus Corp. will post 5.9 EPS for the current year.

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.