Quantbot Technologies LP Purchases New Shares in Flex Ltd. $FLEX

Quantbot Technologies LP acquired a new position in Flex Ltd. (NASDAQ:FLEX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 73,523 shares of the technology company’s stock, valued at approximately $4,262,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MTM Investment Management LLC acquired a new position in Flex in the 2nd quarter worth about $26,000. CENTRAL TRUST Co increased its position in shares of Flex by 238.3% in the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Flex by 404.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $35,000 after buying an additional 566 shares during the period. Rexford Capital Inc. purchased a new stake in Flex in the 2nd quarter worth $57,000. Finally, Root Financial Partners LLC acquired a new position in Flex during the third quarter worth $57,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Flex Stock Down 0.3%

FLEX stock opened at $63.02 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $63.70 and a two-hundred day moving average of $60.74. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.54 and a beta of 1.24.

Flex (NASDAQ:FLEX) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. As a group, analysts forecast that Flex Ltd. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLEX has been the topic of several research analyst reports. Barclays lifted their target price on shares of Flex from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded Flex from a “buy” rating to a “strong-buy” rating in a report on Saturday. Raymond James Financial set a $80.00 target price on Flex and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating and issued a $23.00 target price on shares of Flex in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group boosted their price target on Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.78.

Insiders Place Their Bets

In related news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer directly owned 27,619 shares in the company, valued at approximately $1,987,739.43. This trade represents a 26.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Krumm sold 21,406 shares of Flex stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the transaction, the chief financial officer directly owned 143,803 shares in the company, valued at $8,805,057.69. This trade represents a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.

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.