Illinois Municipal Retirement Fund Sells 395 Shares of Plexus Corp. (NASDAQ:PLXS)

Illinois Municipal Retirement Fund reduced its stake in Plexus Corp. (NASDAQ:PLXS) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,254 shares of the technology company’s stock after selling 395 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Plexus worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN lifted its position in shares of Plexus by 2.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock valued at $296,457,000 after acquiring an additional 59,465 shares during the period. Pacer Advisors Inc. bought a new stake in Plexus during the fourth quarter worth about $107,489,000. Geode Capital Management LLC lifted its position in Plexus by 0.8% during the third quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock worth $89,392,000 after purchasing an additional 4,926 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Plexus by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 421,903 shares of the technology company’s stock worth $57,678,000 after buying an additional 2,886 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Plexus by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock valued at $27,367,000 after buying an additional 7,483 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PLXS. Benchmark reiterated a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus started coverage on Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target on the stock. Finally, Needham & Company LLC upped their price objective on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.00.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $131.84 on Friday. Plexus Corp. has a one year low of $90.18 and a one year 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. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 30.59 and a beta of 0.89. The firm has a 50 day simple moving average of $150.89 and a 200 day simple moving average of $145.31.

Plexus (NASDAQ:PLXS) 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 net margin of 3.03% and a return on equity of 10.36%. Research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total value of $234,585.00. Following the completion of the transaction, the chief executive officer now owns 74,271 shares in the company, valued at $11,615,241.69. This trade represents a 1.98 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $138.62, for a total transaction of $173,275.00. Following the sale, the insider now directly owns 1,276 shares in the company, valued at $176,879.12. The trade was a 49.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,458 shares of company stock worth $2,786,515. 1.76% of the stock is currently owned by 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.