WINTON GROUP Ltd Buys New Shares in Versigent $VGNT

Key Points

• WINTON GROUP Ltd bought 199,883 Versigent shares worth approximately $8.4 million, acquiring a 0.28% stake. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment remains favorable, with 11 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $54.00.
• Versigent exceeded quarterly expectations, reporting $1.92 in earnings per share and $2.44 billion in revenue. The company also declared a quarterly dividend of $0.13 per share, representing a 1.1% annualized yield.

WINTON GROUP Ltd bought a new position in Versigent (NYSE:VGNT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 199,883 shares of the company's stock, valued at approximately $8,397,000. WINTON GROUP Ltd owned 0.28% of Versigent as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of VGNT. California State Teachers Retirement System purchased a new position in shares of Versigent in the second quarter valued at about $143,056,000. Allianz Asset Management GmbH purchased a new stake in shares of Versigent during the second quarter worth about $20,602,000. Steamboat Capital Partners LLC bought a new stake in Versigent during the 2nd quarter valued at approximately $10,385,000. Nan Shan Life Insurance Co. Ltd. bought a new stake in Versigent during the 2nd quarter valued at approximately $5,400,000. Finally, Ancora Advisors LLC purchased a new position in Versigent in the 2nd quarter worth approximately $4,197,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $54.00 price target on shares of Versigent in a research note on Wednesday, August 5th. Fox Advisors cut shares of Versigent from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, August 5th. TD Cowen boosted their target price on shares of Versigent from $49.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Oppenheimer set a $50.00 target price on shares of Versigent in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company raised their target price 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. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Versigent has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Versigent Trading Down 3.6%

NYSE:VGNT opened at $45.67 on Thursday. 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 stock has a market capitalization of $3.23 billion and a P/E ratio of 23.78. Versigent has a 12 month low of $26.34 and a 12 month high of $50.88. The stock has a 50-day moving average price of $44.16.

Versigent (NYSE:VGNT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.34. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.29 billion. On average, research analysts forecast that Versigent will post 7.23 earnings per share for the current year.

Versigent Announces Dividend

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

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.

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