PNC Financial Services Group Inc. acquired a new position in Versant Corporation (NASDAQ:VSNT – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 64,309 shares of the company’s stock, valued at approximately $2,381,000.
Several other large investors have also recently made changes to their positions in VSNT. Citizens National Bank Trust Department purchased a new position in shares of Versant during the 1st quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in Versant during the first quarter worth $28,000. Parallel Advisors LLC acquired a new position in Versant during the first quarter worth $32,000. Advocate Investing Services LLC purchased a new position in shares of Versant during the first quarter worth $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Versant during the first quarter worth $35,000.
Analysts Set New Price Targets
VSNT has been the subject of a number of research reports. Arete Research raised Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective for the company in a research note on Friday, July 17th. Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and set a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Versant presently has a consensus rating of “Hold” and a consensus target price of $41.80.
Versant Trading Down 0.8%
NASDAQ VSNT opened at $36.95 on Thursday. 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 firm’s fifty day moving average price is $38.40 and its 200 day moving average price is $36.69. The company has a market capitalization of $5.21 billion and a price-to-earnings ratio of 18.57. Versant Corporation has a 12 month low of $27.17 and a 12 month high of $59.00.
Versant (NASDAQ:VSNT – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. On average, sell-side analysts expect that Versant Corporation will post 4.38 earnings per share for the current fiscal year.
Versant Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, July 1st. Versant’s payout ratio is 75.38%.
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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