Rose Capital Advisors LLC Purchases New Stake in Versant Corporation $VSNT

Rose Capital Advisors LLC purchased a new stake in shares of Versant Corporation (NASDAQ:VSNT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 34,683 shares of the company’s stock, valued at approximately $1,249,000.

Several other institutional investors also recently bought and sold shares of the business. Citizens National Bank Trust Department purchased a new position in shares of Versant in the 1st quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Versant in the first quarter valued at about $28,000. Parallel Advisors LLC purchased a new position in Versant in the first quarter valued at about $32,000. Advocate Investing Services LLC acquired a new position in shares of Versant during the first quarter worth about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Versant in the first quarter worth about $35,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research downgraded Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Seaport Research Partners restated a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. Weiss Ratings raised shares of Versant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective on the stock in a research note on Friday, July 17th. Finally, The Goldman Sachs Group boosted their target price 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. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.20.

Versant Trading Down 5.8%

NASDAQ VSNT opened at $38.61 on Friday. The company has a market capitalization of $5.36 billion and a price-to-earnings ratio of 11.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.38. Versant Corporation has a 12 month low of $27.17 and a 12 month high of $59.00. The company’s fifty day moving average price is $37.57 and its two-hundred day moving average price is $37.95.

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

Versant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, October 1st. Versant’s dividend payout ratio (DPR) is 43.10%.

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.