Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Versant Corporation (NASDAQ:VSNT – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,951 shares of the company’s stock, valued at approximately $1,331,000.
A number of other large investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new stake in shares of Versant in the first quarter worth about $28,000. Advocate Investing Services LLC bought a new stake in Versant in the first quarter worth $33,000. AdvisorNet Financial Inc bought a new stake in Versant in the first quarter worth $37,000. V Square Quantitative Management LLC purchased a new stake in Versant during the first quarter valued at $39,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Versant during the first quarter valued at $42,000.
Versant Stock Down 1.2%
VSNT opened at $35.90 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32. The business’s fifty day moving average price is $39.33. The stock has a market cap of $5.07 billion and a P/E ratio of 18.04. Versant Corporation has a 52 week low of $27.17 and a 52 week high of $59.00.
Versant Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.
Analyst Upgrades and Downgrades
Several research firms have commented on VSNT. The Goldman Sachs Group increased their price objective on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Seaport Research Partners restated a “buy” rating and set a $46.00 target price on shares of Versant in a research report on Monday, May 18th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. started 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. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Versant has a consensus rating of “Hold” and a consensus price target of $41.80.
Get Our Latest Stock Report on Versant
Versant Profile
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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