Hsbc Holdings PLC Purchases Shares of 174,405 Versant Corporation $VSNT

Hsbc Holdings PLC purchased a new position in shares of Versant Corporation (NASDAQ:VSNT) in the first quarter, HoldingsChannel reports. The fund purchased 174,405 shares of the company’s stock, valued at approximately $6,518,000.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Versant during the 1st quarter worth approximately $28,000. Advocate Investing Services LLC bought a new stake in shares of Versant in the first quarter worth $33,000. AdvisorNet Financial Inc acquired a new position in Versant during the first quarter worth $37,000. V Square Quantitative Management LLC acquired a new position in Versant during the first quarter worth $39,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Versant in the first quarter valued at $42,000.

Analyst Upgrades and Downgrades

VSNT has been the topic of several recent research reports. Zacks Research upgraded shares of Versant from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group increased their price objective on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Seaport Research Partners reissued a “buy” rating and issued a $46.00 target price on shares of Versant in a research note on Monday, May 18th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a research note on Friday, July 17th. 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 Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.80.

Versant Price Performance

Shares of NASDAQ VSNT opened at $35.56 on Friday. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.02 billion and a P/E ratio of 17.87. The business’s 50 day moving average is $38.88 and its 200-day moving average is $36.67.

Versant (NASDAQ:VSNT) last announced its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. Equities research analysts predict that Versant Corporation will post 4.38 earnings per share for the current year.

Versant Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 22nd. Investors 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 is currently 75.38%.

About Versant

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.