Versigent (NYSE:VGNT) Stock Has Consensus Target Price of $54.00

Versigent (NYSE:VGNT) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $55.08.

VGNT has been the topic of a number of research analyst reports. Argus raised their target price on Versigent from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Zacks Research lowered Versigent from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. The Goldman Sachs Group reduced their price objective on Versigent from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Weiss Ratings downgraded shares of Versigent from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Royal Bank Of Canada lowered their price objective on shares of Versigent from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, November 5th.

Insiders Place Their Bets

In other Versigent news, Director Kevin Clark sold 47,761 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 27,571 shares in the company, valued at $1,223,049.56. This trade represents a 63.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 220,000 shares of company stock valued at $10,065,848.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Creek Drive Management Group LLC acquired a new stake in Versigent during the third quarter worth about $3,820,000. Private Advisor Group LLC raised its holdings in Versigent by 29.5% in the 3rd quarter. Private Advisor Group LLC now owns 16,217 shares of the company’s stock valued at $729,000 after acquiring an additional 3,695 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Versigent by 48.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 360,975 shares of the company’s stock valued at $15,775,000 after acquiring an additional 117,446 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its position in shares of Versigent by 18.3% in the 3rd quarter. Figure 8 Investment Strategies LLC now owns 19,295 shares of the company’s stock worth $867,000 after acquiring an additional 2,990 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Versigent by 174.8% in the 3rd quarter. Intech Investment Management LLC now owns 37,845 shares of the company’s stock worth $1,701,000 after acquiring an additional 24,074 shares during the period.

Versigent Stock Performance

Shares of Versigent stock opened at $42.16 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.43 and a debt-to-equity ratio of 5.69. The stock has a 50 day moving average price of $44.55 and a two-hundred day moving average price of $42.67. Versigent has a 12-month low of $26.34 and a 12-month high of $50.88.

Versigent (NYSE:VGNT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. Versigent had a return on equity of 88.25% and a net margin of 5.47%. As a group, equities analysts predict that Versigent will post 7.37 EPS for the current year.

Versigent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 4th.

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.