OMERS ADMINISTRATION Corp Makes New Investment in Plexus Corp. $PLXS

OMERS ADMINISTRATION Corp bought a new position in Plexus Corp. (NASDAQ:PLXS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 26,440 shares of the technology company’s stock, valued at approximately $7,950,000.

A number of other large investors have also made changes to their positions in the company. Hodges Capital Management Inc. boosted its position in Plexus by 47.7% during the 4th quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock worth $2,639,000 after acquiring an additional 5,795 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Plexus in the 1st quarter valued at about $2,410,000. Jefferies Financial Group Inc. acquired a new position in shares of Plexus in the 4th quarter valued at about $2,182,000. Walleye Capital LLC purchased a new stake in shares of Plexus in the second quarter worth approximately $8,296,000. Finally, GSA Capital Partners LLP lifted its position in shares of Plexus by 159.6% in the fourth quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock worth $2,152,000 after purchasing an additional 8,999 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Activity

In other news, insider Michael J. Running sold 510 shares of Plexus stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the transaction, the insider directly owned 665 shares in the company, valued at approximately $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total value of $376,470.00. Following the transaction, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at $16,536,570.24. This represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 9,510 shares of company stock valued at $2,622,497. 1.78% of the stock is owned by insiders.

Plexus Price Performance

NASDAQ PLXS opened at $237.61 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $267.90 and a 200 day simple moving average of $243.10. The company has a market cap of $6.36 billion, a P/E ratio of 35.05 and a beta of 0.90. Plexus Corp. has a 1 year low of $132.03 and a 1 year high of $307.06.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. Plexus’s revenue was up 28.2% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, sell-side analysts predict that Plexus Corp. will post 7.11 EPS for the current year.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Plexus in a research report on Friday, August 14th. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Stifel Nicolaus lifted their target price on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat, Plexus presently has a consensus rating of “Buy” and an average price target of $273.00.

Plexus Profile

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.