Versigent $VGNT Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Versigent (NYSE:VGNT) by 321.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,425 shares of the company’s stock after buying an additional 184,888 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Versigent were worth $10,895,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH acquired a new position in shares of Versigent during the 2nd quarter worth $20,602,000. HBK Investments L P purchased a new stake in shares of Versigent in the 2nd quarter worth about $14,439,000. Steamboat Capital Partners LLC acquired a new stake in Versigent in the 2nd quarter valued at about $10,385,000. WINTON GROUP Ltd acquired a new stake in Versigent in the 2nd quarter valued at about $8,397,000. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new stake in Versigent in the 2nd quarter valued at about $5,400,000.

Insider Buying and Selling

In related news, Director Kevin Clark sold 47,761 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $44.36, for a total value of $2,118,677.96. Following the completion of the transaction, the director owned 27,571 shares of the company’s stock, valued at approximately $1,223,049.56. The trade was a 63.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 220,000 shares of company stock worth $10,065,848.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VGNT shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $54.00 target price on shares of Versigent in a report on Wednesday, August 5th. Fox Advisors downgraded shares of Versigent from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Versigent from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Oppenheimer set a $50.00 price target on shares of Versigent in a research report on Tuesday, July 21st. Finally, UBS Group dropped their price objective on shares of Versigent from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Versigent Stock Performance

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

Versigent (NYSE:VGNT) last issued its quarterly earnings data 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, analysts anticipate that Versigent will post 7.23 EPS for the current fiscal year.

Versigent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors 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 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.