221,266 Shares in Versant Corporation $VSNT Bought by Harbor Island Capital LLC

Harbor Island Capital LLC purchased a new stake in Versant Corporation (NASDAQ:VSNT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 221,266 shares of the company’s stock, valued at approximately $7,968,000. Versant accounts for approximately 2.1% of Harbor Island Capital LLC’s holdings, making the stock its 15th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department purchased a new stake in shares of Versant in the first quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Versant during the 1st quarter valued at approximately $28,000. Parallel Advisors LLC acquired a new stake in shares of Versant during the first quarter worth approximately $32,000. Advocate Investing Services LLC bought a new stake in shares of Versant in the 1st quarter worth about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Versant in the first quarter valued at about $35,000.

Versant Stock Performance

NASDAQ:VSNT opened at $40.31 on Wednesday. The company has a 50-day moving average of $37.35 and a 200-day moving average of $37.76. The firm has a market cap of $5.59 billion and a price-to-earnings ratio of 11.58. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.35. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00.

Versant (NASDAQ:VSNT) last released its earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The business had revenue of $1.64 billion during the quarter. Analysts forecast that Versant Corporation will post 4.04 earnings per share for the current fiscal year.

Versant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.50 annualized dividend and a dividend yield of 3.7%. Versant’s dividend payout ratio (DPR) is currently 43.10%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VSNT. Seaport Research Partners reiterated a “buy” rating and set a $46.00 target price on shares of Versant in a research note on Monday, May 18th. Weiss Ratings upgraded Versant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. The Goldman Sachs Group upped their price target on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Arete Research upgraded Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price on the stock in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Versant presently has an average rating of “Hold” and a consensus target price of $43.20.

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.