33,238 Shares in Versant Corporation $VSNT Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new stake in Versant Corporation (NASDAQ:VSNTFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,238 shares of the company’s stock, valued at approximately $1,230,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new stake in shares of Versant in the fourth quarter valued at approximately $24,134,000. Cheviot Value Management LLC bought a new stake in Versant during the 4th quarter valued at $795,000. HBK Sorce Advisory LLC purchased a new stake in shares of Versant in the 4th quarter worth $646,000. Drucker Wealth 3.0 LLC purchased a new position in shares of Versant during the first quarter valued at $560,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Versant in the first quarter valued at about $2,388,000.

Wall Street Analyst Weigh In

VSNT has been the topic of a number of research reports. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. 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 note on Thursday, May 14th. Seaport Research Partners restated a “buy” rating and set a $46.00 target price on shares of Versant in a report on Monday, May 18th. JPMorgan Chase & Co. assumed 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 downgraded Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.40.

View Our Latest Report on VSNT

Versant Price Performance

Versant stock opened at $35.39 on Monday. The business’s 50-day moving average price is $39.84. The firm has a market capitalization of $4.99 billion and a P/E ratio of 17.78. Versant Corporation has a 52 week low of $27.17 and a 52 week high of $59.00. 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 (NASDAQ:VSNTGet Free Report) last issued its quarterly 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 during the quarter. Research analysts anticipate that Versant Corporation will post 4.38 EPS for the current fiscal year.

Versant Announces Dividend

The firm also recently announced 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 currently 75.38%.

Versant Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Versant (NASDAQ:VSNT)

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