Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Versant Corporation (NASDAQ:VSNT – Free Report) in the first quarter, Holdings Channel.com reports. The firm acquired 34,437 shares of the company’s stock, valued at approximately $1,275,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Versant in the fourth quarter worth about $24,134,000. Hsbc Holdings PLC acquired a new position in Versant in the first quarter valued at approximately $6,518,000. Janney Montgomery Scott LLC boosted its position in Versant by 3,591.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock worth $6,157,000 after purchasing an additional 161,803 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Versant during the 1st quarter valued at approximately $5,478,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Versant during the 4th quarter valued at approximately $3,460,000.
Versant Trading Up 3.5%
Shares of Versant stock opened at $36.03 on Thursday. The stock has a market cap of $5.08 billion and a price-to-earnings ratio of 18.11. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00. The company has a 50-day moving average of $39.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32.
Versant Announces Dividend
The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors 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 presently 75.38%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on VSNT. Seaport Research Partners reissued a “buy” rating and set a $46.00 price target on shares of Versant in a report on Monday, May 18th. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. The Goldman Sachs Group upped their price objective on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. began coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Finally, Zacks Research lowered Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One investment 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’s stock. Based on data from MarketBeat.com, Versant has a consensus rating of “Hold” and a consensus price target of $40.40.
Get Our Latest Research Report on Versant
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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