Raiffeisen Bank International AG Acquires Shares of 30,000 Versigent $VGNT

Raiffeisen Bank International AG acquired a new position in Versigent (NYSE:VGNT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $1,182,000.

Other large investors have also modified their holdings of the company. Kintegral Advisory LLC acquired a new stake in shares of Versigent during the 2nd quarter valued at about $224,000. Wellington Management Group LLP acquired a new position in Versigent in the 2nd quarter worth about $940,000. Ancora Advisors LLC acquired a new position in Versigent in the 2nd quarter worth about $4,197,000. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new position in Versigent during the second quarter worth approximately $5,400,000.

Versigent Price Performance

VGNT opened at $50.21 on Friday. The business has a 50 day simple moving average of $43.75. The stock has a market cap of $3.56 billion and a price-to-earnings ratio of 26.15. The company has a debt-to-equity ratio of 7.29, a current ratio of 1.40 and a quick ratio of 1.09. Versigent has a 1-year low of $26.34 and a 1-year high of $50.88.

Versigent (NYSE:VGNT) last issued its earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, equities analysts anticipate that Versigent will post 7.23 earnings per share for the current fiscal year.

Versigent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%.

Wall Street Analyst Weigh In

Several analysts have commented on VGNT shares. Zacks Research lowered Versigent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings assumed coverage on Versigent in a research note on Wednesday, August 5th. They set a “hold (c)” rating for the company. Oppenheimer set a $50.00 target price on Versigent in a research report on Tuesday, July 21st. Evercore reissued an “outperform” rating and issued a $65.00 price target on shares of Versigent in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $54.00 price target on shares of Versigent in a report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.