VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Versigent $VGNT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Versigent (NYSE:VGNT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 57,537 shares of the company’s stock, valued at approximately $2,417,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VGNT. Wellington Management Group LLP acquired a new position in Versigent in the 2nd quarter valued at approximately $940,000. Ancora Advisors LLC acquired a new stake in shares of Versigent during the 2nd quarter worth approximately $4,197,000. Kintegral Advisory LLC acquired a new stake in shares of Versigent during the 2nd quarter worth approximately $224,000. Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of Versigent during the second quarter valued at approximately $5,400,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Versigent during the second quarter valued at approximately $1,182,000.

Versigent Stock Performance

Shares of VGNT 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 market capitalization of $3.29 billion and a PE ratio of 24.19. 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 business’s fifty day simple moving average is $44.28.

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

Versigent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.1%.

Insider Activity

In other news, Director Kevin P. Clark sold 74,130 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $45.67, for a total transaction of $3,385,517.10. Following the sale, the director directly owned 124,849 shares of the company’s stock, valued at $5,701,853.83. This represents a 37.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several brokerages recently commented on VGNT. Fox Advisors cut Versigent from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $65.00 price target on shares of Versigent in a report on Monday, August 10th. Wells Fargo & Company increased their price objective on shares of Versigent from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Argus raised their price objective on shares of Versigent from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Oppenheimer set a $50.00 target price on shares of Versigent in a research report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.00.

Versigent Company 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.