Drucker Wealth 3.0 LLC Makes New Investment in Versant Corporation $VSNT

Drucker Wealth 3.0 LLC acquired a new position in shares of Versant Corporation (NASDAQ:VSNT) during the first quarter, HoldingsChannel reports. The firm acquired 15,135 shares of the company’s stock, valued at approximately $560,000.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in Versant during the fourth quarter worth $24,134,000. Janney Montgomery Scott LLC grew its position in shares of Versant by 3,591.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock valued at $6,157,000 after acquiring an additional 161,803 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Versant during the 4th quarter worth about $3,460,000. SG Americas Securities LLC acquired a new position in shares of Versant during the 1st quarter worth about $2,813,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Versant during the 1st quarter worth about $2,388,000.

Versant Stock Up 0.1%

Shares of VSNT stock opened at $36.01 on Wednesday. Versant Corporation has a 12-month low of $27.17 and a 12-month high of $59.00. The firm has a market capitalization of $5.08 billion and a P/E ratio of 18.10. The stock’s 50 day moving average is $40.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32.

Versant (NASDAQ:VSNT) last posted its earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. As a group, research analysts expect that Versant Corporation will post 4.35 EPS for the current year.

Versant Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s payout ratio is 75.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. began coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target on the stock. Zacks Research lowered Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, 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. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Versant presently has a consensus rating of “Hold” and an average target price of $40.40.

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.