Versigent $VGNT Holdings Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Versigent (NYSE:VGNT) by 321.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 242,425 shares of the company’s stock after acquiring an additional 184,888 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.34% of Versigent worth $10,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new position in Versigent during the second quarter worth about $940,000. Raiffeisen Bank International AG acquired a new stake in Versigent in the second quarter valued at about $1,182,000. HBK Investments L P purchased a new stake in Versigent in the 2nd quarter valued at approximately $14,439,000. Steamboat Capital Partners LLC purchased a new stake in Versigent in the 2nd quarter valued at approximately $10,385,000. Finally, WINTON GROUP Ltd purchased a new stake in Versigent in the 2nd quarter valued at approximately $8,397,000.

Insider Activity at Versigent

In other news, Director Kevin Clark sold 47,761 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $44.36, for a total transaction of $2,118,677.96. Following the sale, the director owned 27,571 shares of the company’s stock, valued at $1,223,049.56. The trade was a 63.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 220,000 shares of company stock worth $10,065,848.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VGNT shares. Evercore reiterated an “outperform” rating and set a $65.00 target price on shares of Versigent in a research report on Monday, August 10th. Zacks Research cut Versigent from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price target on shares of Versigent in a research note on Wednesday, August 5th. Fox Advisors lowered Versigent from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on Versigent from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Versigent has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Versigent Stock Down 3.2%

Shares of NYSE VGNT opened at $40.95 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 7.29. Versigent has a 52 week low of $26.34 and a 52 week high of $50.88. The firm has a 50-day moving average price of $45.48 and a 200 day moving average price of $42.74. The stock has a market capitalization of $2.90 billion and a price-to-earnings ratio of 21.33.

Versigent (NYSE:VGNT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.34. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Equities research analysts anticipate that Versigent will post 7.23 EPS for the current fiscal year.

Versigent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 4th.

Versigent Profile

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.