67,853 Shares in Versant Corporation $VSNT Acquired by Strs Ohio

Strs Ohio bought a new stake in Versant Corporation (NASDAQ:VSNT) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 67,853 shares of the company’s stock, valued at approximately $2,512,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new position in Versant during the fourth quarter worth approximately $24,134,000. Janney Montgomery Scott LLC grew its stake in shares of Versant by 3,591.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock valued at $6,157,000 after buying an additional 161,803 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of Versant during the 4th quarter worth $3,460,000. SG Americas Securities LLC acquired a new stake in shares of Versant during the 1st quarter worth $2,813,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Versant in the 1st quarter worth $2,388,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 target price on shares of Versant in a report on Monday, May 18th. JPMorgan Chase & Co. initiated coverage on Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective 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 note on Thursday, May 21st. Finally, The Goldman Sachs Group boosted their target price on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.40.

Versant Stock Performance

Shares of NASDAQ:VSNT traded up $0.22 during midday trading on Tuesday, hitting $37.44. 167,464 shares of the company’s stock traded hands, compared to its average volume of 3,300,608. 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 capitalization of $5.28 billion and a P/E ratio of 18.81. The firm has a fifty day moving average price of $40.09. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00.

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

Versant Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is 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.