VIRGINIA RETIREMENT SYSTEMS ET Al Takes $3.38 Million Position in Versant Corporation $VSNT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Versant Corporation (NASDAQ:VSNT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,900 shares of the company’s stock, valued at approximately $3,381,000.

Other large investors have also modified their holdings of the company. Hsbc Holdings PLC purchased a new position in Versant during the first quarter worth approximately $6,518,000. Gradient Investments LLC acquired a new position in shares of Versant during the 2nd quarter worth approximately $1,350,000. Bank of America Corp DE acquired a new stake in Versant in the 1st quarter valued at $25,317,000. Boussard & Gavaudan Gestion Sas purchased a new stake in Versant in the 2nd quarter worth $4,198,000. Finally, Empyrean Capital Partners LP purchased a new stake in Versant in the 1st quarter worth $14,243,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. The Goldman Sachs Group lifted their target price on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. TD Cowen boosted their target price on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Versant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, 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. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.20.

Versant Stock Down 2.7%

NASDAQ VSNT opened at $37.21 on Thursday. The business has a fifty day moving average price of $37.69 and a 200 day moving average price of $38.20. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $5.16 billion and a P/E ratio of 10.69.

Versant (NASDAQ:VSNT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The firm had revenue of $1.64 billion during the quarter. Research analysts anticipate that Versant Corporation will post 4.04 EPS for the current fiscal year.

Versant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, October 1st. Versant’s dividend payout ratio (DPR) is currently 43.10%.

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.