Patriot Financial Group Insurance Agency LLC Takes Position in Versant Corporation $VSNT

Patriot Financial Group Insurance Agency LLC purchased a new stake in Versant Corporation (NASDAQ:VSNT) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 23,602 shares of the company’s stock, valued at approximately $874,000.

Several other large investors also recently made changes to their positions in VSNT. Advocate Investing Services LLC bought a new stake in Versant in the 1st quarter valued at $33,000. AdvisorNet Financial Inc bought a new position in Versant during the 1st quarter worth about $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Versant in the 1st quarter valued at about $42,000. Sterling Capital Management LLC acquired a new stake in shares of Versant in the 1st quarter valued at about $53,000. Finally, Webster Bank N. A. bought a new stake in shares of Versant in the first quarter valued at about $66,000.

Versant Trading Up 0.1%

VSNT stock opened at $36.01 on Wednesday. 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 has a market cap of $5.08 billion and a price-to-earnings ratio of 18.10. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00. The business’s 50 day simple moving average is $40.33.

Versant (NASDAQ:VSNT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. As a group, sell-side analysts predict that Versant Corporation will post 4.35 EPS for the current fiscal year.

Versant Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VSNT shares. The Goldman Sachs Group upped their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price objective on shares of Versant in a report on Monday, May 18th. JPMorgan Chase & Co. began coverage on shares of Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.40.

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.