Figure 8 Investment Strategies LLC Takes $685,000 Position in Versigent $VGNT

Figure 8 Investment Strategies LLC purchased a new stake in Versigent (NYSE:VGNT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,305 shares of the company’s stock, valued at approximately $685,000.

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

Wall Street Analyst Weigh In

VGNT has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $59.00 price objective on shares of Versigent in a research note on Wednesday, August 5th. Zacks Research lowered shares of Versigent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Argus lifted their price target on shares of Versigent from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. TD Cowen upped their price target on shares of Versigent from $49.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $54.00 price objective on shares of Versigent in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Versigent Stock Up 3.7%

VGNT opened at $50.21 on Friday. The firm’s fifty day simple moving average is $43.75. The stock has a market cap of $3.56 billion and a PE ratio of 26.15. The company has a current ratio of 1.40, a quick ratio of 1.09 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.

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

Versigent Dividend Announcement

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

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.