Hantz Financial Services Inc. Increases Holdings in Flex Ltd. $FLEX

Hantz Financial Services Inc. boosted its holdings in shares of Flex Ltd. (NASDAQ:FLEX) by 89.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,284 shares of the technology company’s stock after buying an additional 5,331 shares during the period. Hantz Financial Services Inc.’s holdings in Flex were worth $682,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FLEX. Vanguard Group Inc. boosted its stake in Flex by 196.1% during the fourth quarter. Vanguard Group Inc. now owns 38,746,330 shares of the technology company’s stock valued at $2,341,053,000 after buying an additional 25,662,586 shares during the period. State Street Corp boosted its stake in Flex by 38.0% during the second quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after buying an additional 3,377,669 shares during the period. Qube Research & Technologies Ltd boosted its stake in Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock valued at $162,968,000 after buying an additional 1,522,308 shares during the period. JPMorgan Chase & Co. boosted its stake in Flex by 80.9% during the third quarter. JPMorgan Chase & Co. now owns 2,645,745 shares of the technology company’s stock valued at $153,374,000 after buying an additional 1,183,464 shares during the period. Finally, Junto Capital Management LP bought a new stake in Flex during the third quarter valued at $56,270,000. Institutional investors own 94.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Erin Mcsweeney sold 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $132.51, for a total value of $265,020.00. Following the completion of the sale, the director owned 9,512 shares of the company’s stock, valued at approximately $1,260,435.12. The trade was a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kwang Hooi Tan sold 17,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $135.93, for a total value of $2,378,775.00. Following the completion of the sale, the chief operating officer directly owned 238,543 shares of the company’s stock, valued at approximately $32,425,149.99. This trade represents a 6.83% 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. Insiders have sold a total of 329,512 shares of company stock worth $44,459,298 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Flex Trading Down 0.6%

Shares of FLEX stock opened at $144.85 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $96.84 and a two-hundred day moving average price of $74.89. Flex Ltd. has a 12-month low of $41.43 and a 12-month high of $147.76. The firm has a market cap of $53.07 billion, a P/E ratio of 62.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm had revenue of $7.48 billion during the quarter. Equities analysts anticipate that Flex Ltd. will post 4.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLEX. Barclays raised their price objective on shares of Flex from $72.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price objective on shares of Flex from $84.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Raymond James Financial set a $80.00 price target on Flex and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $165.00 price target on Flex in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Flex has an average rating of “Moderate Buy” and an average target price of $112.80.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.