American Century Companies Inc. Purchases 228,027 Shares of Plexus Corp. (NASDAQ:PLXS)

American Century Companies Inc. boosted its position in Plexus Corp. (NASDAQ:PLXS) by 72.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 544,017 shares of the technology company’s stock after purchasing an additional 228,027 shares during the period. American Century Companies Inc. owned about 2.01% of Plexus worth $85,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock valued at $121,000 after acquiring an additional 84 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Plexus by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 2,453 shares of the technology company’s stock worth $335,000 after purchasing an additional 104 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in Plexus by 1.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company’s stock valued at $924,000 after purchasing an additional 107 shares during the period. GAMMA Investing LLC grew its stake in Plexus by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 891 shares of the technology company’s stock valued at $139,000 after purchasing an additional 131 shares during the period. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Plexus during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target on the stock. Needham & Company LLC increased their target price on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $165.00 price target on shares of Plexus in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Insider Transactions at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the chief executive officer now directly owns 87,665 shares in the company, valued at $12,273,100. This represents a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Running sold 1,250 shares of the business’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 transaction, the insider now owns 1,276 shares of the company’s stock, valued at $176,879.12. This trade represents a 49.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,458 shares of company stock valued at $2,786,515 over the last three months. Company insiders own 1.76% of the company’s stock.

Plexus Price Performance

NASDAQ PLXS opened at $132.80 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.59 billion, a PE ratio of 30.81 and a beta of 0.90. Plexus Corp. has a 52 week low of $90.87 and a 52 week high of $172.89. The firm’s 50-day simple moving average is $139.50 and its two-hundred day simple moving average is $145.78.

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 year.

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.