Sequoia Financial Advisors LLC Invests $1.04 Million in Versant Corporation $VSNT

Sequoia Financial Advisors LLC bought a new position in Versant Corporation (NASDAQ:VSNT) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 28,164 shares of the company’s stock, valued at approximately $1,043,000.

Several other large investors have also made changes to their positions in VSNT. Kornitzer Capital Management Inc. KS purchased a new stake in Versant in the 1st quarter worth $293,000. Hsbc Holdings PLC bought a new stake in shares of Versant in the 1st quarter valued at approximately $6,518,000. Peterson Wealth Services bought a new stake in shares of Versant in the 1st quarter valued at approximately $49,000. Kestra Advisory Services LLC bought a new position in shares of Versant during the 1st quarter valued at approximately $475,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Versant during the first quarter valued at $1,127,000.

Versant Stock Performance

Shares of Versant stock opened at $35.90 on Friday. The stock has a 50-day moving average price of $39.33. The firm has a market capitalization of $5.07 billion and a P/E ratio of 18.04. Versant Corporation has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32.

Versant (NASDAQ:VSNT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. Equities research analysts forecast that Versant Corporation will post 4.38 EPS for the current year.

Versant Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. started coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective on the stock. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.80.

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.