KBC Group NV bought a new position in Versant Corporation (NASDAQ:VSNT – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,469 shares of the company’s stock, valued at approximately $535,000.
Other institutional investors also recently modified their holdings of the company. Citizens National Bank Trust Department purchased a new position in shares of Versant during the 1st quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of Versant in the first quarter worth $28,000. Advocate Investing Services LLC purchased a new stake in shares of Versant during the first quarter worth $33,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Versant during the first quarter worth $35,000. Finally, AdvisorNet Financial Inc acquired a new stake in Versant during the first quarter valued at $37,000.
Versant Stock Down 0.5%
Versant stock opened at $35.38 on Friday. The company has a market capitalization of $4.99 billion and a P/E ratio of 17.78. The firm’s fifty day simple moving average is $38.73 and its 200-day simple moving average is $36.66. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00.
Versant Announces Dividend
The business also recently declared a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were given a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. Versant’s payout ratio is currently 75.38%.
Analyst Ratings Changes
A number of brokerages have commented on VSNT. JPMorgan Chase & Co. started coverage on Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. The Goldman Sachs Group raised their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Seaport Research Partners reiterated a “buy” rating and set a $46.00 price target on shares of Versant in a report on Monday, May 18th. Finally, Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.80.
Get Our Latest Research Report on VSNT
Versant Company 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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