47,153 Shares in Versant Corporation $VSNT Acquired by Fifth Third Bancorp

Fifth Third Bancorp bought a new position in shares of Versant Corporation (NASDAQ:VSNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,153 shares of the company’s stock, valued at approximately $1,746,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Versant during the 1st quarter worth $28,000. Advocate Investing Services LLC purchased a new stake in Versant in the 1st quarter valued at about $33,000. AdvisorNet Financial Inc acquired a new position in Versant in the first quarter valued at about $37,000. V Square Quantitative Management LLC purchased a new position in Versant during the first quarter worth about $39,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Versant during the first quarter worth about $42,000.

Versant Trading Up 0.1%

Shares of VSNT stock opened at $36.19 on Thursday. The firm has a market capitalization of $5.11 billion and a P/E ratio of 18.19. The stock’s fifty day moving average price is $39.05. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. Versant Corporation has a 12 month low of $27.17 and a 12 month high of $59.00.

Versant (NASDAQ:VSNT) last posted 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 business had revenue of $1.69 billion during the quarter. On average, equities analysts forecast that Versant Corporation will post 4.38 EPS for the current year.

Versant Dividend Announcement

The firm 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 of this dividend was Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is 75.38%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Arete Research raised Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price on the stock in a research note on Friday, July 17th. The Goldman Sachs Group raised their target price on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Seaport Research Partners reiterated a “buy” rating and set a $46.00 price target on shares of Versant in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.80.

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.