KBC Group NV Takes $535,000 Position in Versant Corporation $VSNT

KBC Group NV acquired a new stake in shares of Versant Corporation (NASDAQ:VSNT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,469 shares of the company’s stock, valued at approximately $535,000.

Several other institutional investors have also bought and sold shares of the stock. Citizens National Bank Trust Department acquired a new position in Versant during the 1st quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Versant in the 1st quarter worth approximately $28,000. Advocate Investing Services LLC bought a new position in shares of Versant in the first quarter valued at approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Versant in the first quarter valued at approximately $35,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Versant in the first quarter valued at approximately $37,000.

Wall Street Analyst Weigh In

VSNT has been the topic of several recent analyst reports. Zacks Research raised Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and issued a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. JPMorgan Chase & Co. began coverage on Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.80.

Versant Price Performance

VSNT stock opened at $35.38 on Friday. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The firm has a 50-day moving average of $38.73 and a two-hundred day moving average of $36.66. The firm has a market capitalization of $4.99 billion and a PE ratio of 17.78. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, analysts forecast that Versant Corporation will post 4.38 earnings per share for the current year.

Versant Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.

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.