Versant Capital Management Inc Has $61,000 Holdings in Plexus Corp. (NASDAQ:PLXS)

Versant Capital Management Inc grew its position in Plexus Corp. (NASDAQ:PLXS) by 1,000.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 473 shares of the technology company’s stock after acquiring an additional 430 shares during the quarter. Versant Capital Management Inc’s holdings in Plexus were worth $61,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new position in shares of Plexus during the 4th quarter valued at about $28,000. Aquatic Capital Management LLC increased its holdings in shares of Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after acquiring an additional 134 shares during the last quarter. Nomura Asset Management Co. Ltd. increased 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 acquiring an additional 100 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Plexus by 12.1% during the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock valued at $121,000 after acquiring an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Plexus by 521.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the technology company’s stock valued at $122,000 after acquiring an additional 652 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Performance

PLXS opened at $131.88 on Thursday. The firm has a market capitalization of $3.57 billion, a P/E ratio of 30.60 and a beta of 0.80. The stock’s 50 day moving average price is $125.94 and its two-hundred day moving average price is $140.88. 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 Corp. has a 12-month low of $100.96 and a 12-month high of $172.89.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The firm had revenue of $980.17 million for the quarter, compared to analyst estimates of $980.07 million. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PLXS shares. Needham & Company LLC reissued a “buy” rating and set a $162.00 price objective (down previously from $172.00) on shares of Plexus in a report on Friday, April 25th. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of Plexus in a report on Wednesday. Finally, Stifel Nicolaus set a $145.00 target price on Plexus in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Insiders Place Their Bets

In related news, insider Michael J. Running sold 646 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $130.05, for a total transaction of $84,012.30. Following the completion of the transaction, the insider now owns 630 shares in the company, valued at $81,931.50. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $130.77, for a total value of $65,385.00. Following the transaction, the director now owns 9,365 shares of the company’s stock, valued at $1,224,661.05. This trade represents a 5.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,032 shares of company stock worth $1,582,222. 1.76% 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.