VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 57,537 Versigent $VGNT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Versigent (NYSE:VGNT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,537 shares of the company’s stock, valued at approximately $2,417,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Versigent at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Raiffeisen Bank International AG acquired a new stake in shares of Versigent during the second quarter worth approximately $1,182,000. Ancora Advisors LLC acquired a new position in Versigent in the 2nd quarter valued at approximately $4,197,000. Nan Shan Life Insurance Co. Ltd. purchased a new stake in Versigent in the 2nd quarter worth approximately $5,400,000. Figure 8 Investment Strategies LLC acquired a new stake in shares of Versigent during the 2nd quarter valued at $685,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Versigent during the 2nd quarter valued at $143,056,000.

Versigent Stock Performance

Versigent stock opened at $46.45 on Friday. Versigent has a 52 week low of $26.34 and a 52 week high of $50.88. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29. The company has a market capitalization of $3.29 billion and a price-to-earnings ratio of 24.19. The business has a 50-day simple moving average of $44.28.

Versigent (NYSE:VGNT) last announced its earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.34. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.29 billion. Research analysts forecast that Versigent will post 7.23 earnings per share for the current year.

Versigent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th.

Insider Activity

In other news, Director Kevin P. Clark sold 74,130 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $45.67, for a total value of $3,385,517.10. Following the sale, the director owned 124,849 shares in the company, valued at approximately $5,701,853.83. This trade represents a 37.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

VGNT has been the topic of a number of research reports. TD Cowen upped their price target on shares of Versigent from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Oppenheimer set a $50.00 price objective on Versigent in a research report on Tuesday, July 21st. Weiss Ratings began coverage on Versigent in a research note on Wednesday, August 5th. They issued a “hold (c)” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $54.00 target price on shares of Versigent in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised Versigent from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $52.00 in a research note on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Versigent currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

About Versigent

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.