M&G PLC raised its holdings in Versant Corporation (NASDAQ:VSNT – Free Report) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 388,852 shares of the company’s stock after acquiring an additional 29,213 shares during the period. M&G PLC owned 0.28% of Versant worth $12,443,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of VSNT. Citizens National Bank Trust Department acquired a new stake in shares of Versant during the first quarter worth $26,000. Parallel Advisors LLC purchased a new stake in shares of Versant in the first quarter valued at $32,000. Parkside Financial Bank & Trust acquired a new position in Versant in the second quarter valued at $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Versant during the first quarter worth about $35,000. Finally, Mather Group LLC. boosted its stake in Versant by 253.5% in the 3rd quarter. Mather Group LLC. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 682 shares during the last quarter.
Wall Street Analyst Weigh In
Several research firms have commented on VSNT. The Goldman Sachs Group restated a “neutral” rating and issued a $43.00 price target on shares of Versant in a report on Friday, September 18th. Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Citigroup initiated coverage on shares of Versant in a report on Thursday, September 24th. They set a “buy” rating and a $41.00 price objective on the stock. TD Cowen raised their target price on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.71.
Get Our Latest Analysis on VSNT
Versant Stock Down 0.5%
Shares of VSNT opened at $34.93 on Wednesday. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $33.66 and its 200 day simple moving average is $36.29.
Versant (NASDAQ:VSNT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $1.59 billion during the quarter. Versant had a return on equity of 8.32% and a net margin of 11.09%. Equities research analysts expect that Versant Corporation will post 4.27 earnings per share for the current year.
Versant Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Monday, January 4th will be paid a $0.3750 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, January 4th. Versant’s payout ratio is currently 43.10%.
About Versant
Versant is a media and entertainment company formed from Comcast’s separation of several NBCUniversal cable networks and digital businesses. Its portfolio includes news brands CNBC and MS NOW, along with entertainment and sports networks such as USA Network, Syfy, E!, Oxygen and Golf Channel. The company also operates digital and consumer services including Fandango, Rotten Tomatoes, GolfNow and SportsEngine. Through its television networks and online platforms, Versant serves audiences primarily in the United States, with some brands and services reaching international markets.
See Also
- Five stocks we like better than Versant
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for Versant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versant and related companies with MarketBeat.com's FREE daily email newsletter.
