Analysts Set Versigent (NYSE:VGNT) PT at $54.00

Shares of Versigent (NYSE:VGNT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $54.00.

Several equities research analysts have commented on VGNT shares. Weiss Ratings started coverage on shares of Versigent in a research note on Wednesday, August 5th. They issued a “hold (c)” rating for the company. Zacks Research downgraded Versigent from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. UBS Group reduced their target price on Versigent from $58.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $59.00 price target on shares of Versigent in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada upgraded Versigent from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $52.00 in a report on Wednesday, August 5th.

Versigent Trading Up 3.1%

NYSE VGNT opened at $47.28 on Tuesday. The stock has a market cap of $3.35 billion and a price-to-earnings ratio of 24.62. The company has a fifty day moving average of $45.06. Versigent has a 12 month low of $26.34 and a 12 month high of $50.88. 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 (NYSE:VGNT) last posted its earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.29 billion. As a group, sell-side analysts predict that Versigent will post 7.23 EPS for the current fiscal year.

Versigent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%.

Insider Transactions at Versigent

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Versigent in the 2nd quarter worth about $57,000. Sequoia Financial Advisors LLC purchased a new stake in Versigent during the second quarter valued at about $220,000. Kintegral Advisory LLC purchased a new stake in Versigent during the second quarter valued at about $224,000. Engineers Gate Manager LP bought a new position in Versigent during the second quarter worth about $418,000. Finally, Corient Private Wealth LP bought a new position in Versigent during the second quarter worth about $426,000.

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.