Versant Corporation $VSNT Position Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Versant Corporation (NASDAQ:VSNT) by 42.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,037 shares of the company’s stock after selling 23,060 shares during the quarter. State of Alaska Department of Revenue’s holdings in Versant were worth $983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VSNT. Citizens National Bank Trust Department bought a new stake in shares of Versant during the 1st quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Versant during the 1st quarter valued at about $28,000. Parallel Advisors LLC bought a new position in shares of Versant in the 1st quarter worth approximately $32,000. Advocate Investing Services LLC bought a new position in shares of Versant in the 1st quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of Versant in the 2nd quarter worth approximately $34,000.

Versant Price Performance

NASDAQ VSNT opened at $31.35 on Thursday. The company has a market capitalization of $4.35 billion and a PE ratio of 9.01. 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 business’s fifty day moving average is $35.61 and its 200 day moving average is $37.76. Versant Corporation has a fifty-two week low of $27.17 and a fifty-two week high of $59.00.

Versant (NASDAQ:VSNT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.39 by $0.10. The company had revenue of $1.64 billion during the quarter. Sell-side analysts predict that Versant Corporation will post 4.10 earnings per share for the current year.

Versant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.3750 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.50 dividend on an annualized basis and a yield of 4.8%. Versant’s dividend payout ratio (DPR) is presently 43.10%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VSNT shares. Weiss Ratings downgraded shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Citigroup initiated coverage on shares of Versant in a research report on Thursday, September 24th. They set a “buy” rating and a $41.00 target price for the company. Morgan Stanley started coverage on shares of Versant in a report on Thursday, October 15th. They set an “equal weight” rating and a $38.00 target price for the company. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target on the stock in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $43.00 price target on shares of Versant in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.29.

About Versant

Versant, Inc (NASDAQ: VSNT) is a media and entertainment company formed from selected cable television and digital assets formerly owned by Comcast’s NBCUniversal division. The company develops, produces, distributes and markets entertainment, news, sports and lifestyle content across television networks and digital platforms.

Versant’s portfolio includes USA Network, E!, SYFY, Oxygen, Golf Channel and related digital properties. Its assets also include Fandango and Rotten Tomatoes, which provide movie-ticketing, entertainment information and media-review services.