Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Versant Corporation (NASDAQ:VSNT – Free Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 30,449 shares of the company’s stock, valued at approximately $1,127,000.
Several other hedge funds have also modified their holdings of VSNT. Root Financial Partners LLC purchased a new position in Versant in the first quarter valued at $28,000. Advocate Investing Services LLC purchased a new stake in Versant during the 1st quarter worth about $33,000. AdvisorNet Financial Inc acquired a new stake in Versant in the 1st quarter valued at about $37,000. V Square Quantitative Management LLC acquired a new stake in Versant in the 1st quarter valued at about $39,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Versant in the 1st quarter valued at about $42,000.
Wall Street Analysts Forecast Growth
VSNT has been the subject of a number of analyst reports. JPMorgan Chase & Co. began coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective for the company. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group boosted their price target on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.40.
Versant Stock Performance
Shares of NASDAQ VSNT opened at $36.03 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35. Versant Corporation has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The firm has a market cap of $5.08 billion and a price-to-earnings ratio of 18.11. The stock’s 50-day simple moving average is $39.52.
Versant (NASDAQ:VSNT – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. On average, sell-side analysts forecast that Versant Corporation will post 4.38 earnings per share for the current fiscal year.
Versant Announces Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 1st. Versant’s payout ratio is currently 75.38%.
About Versant
Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.
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