SG Americas Securities LLC Takes $2.81 Million Position in Versant Corporation $VSNT

SG Americas Securities LLC acquired a new position in Versant Corporation (NASDAQ:VSNT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,982 shares of the company’s stock, valued at approximately $2,813,000.

Several other large investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new position in Versant in the fourth quarter valued at $24,134,000. State of Tennessee Department of Treasury acquired a new position in shares of Versant during the 4th quarter worth about $3,460,000. Cohen Klingenstein LLC acquired a new position in shares of Versant during the 1st quarter worth about $816,000. Diversified Trust Co bought a new position in shares of Versant in the 1st quarter valued at about $722,000. Finally, Cheviot Value Management LLC bought a new position in shares of Versant in the 4th quarter valued at about $795,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VSNT shares. JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. The Goldman Sachs Group raised their price target on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.40.

Versant Stock Performance

Versant stock opened at $36.01 on Wednesday. The stock’s 50-day simple moving average is $40.33. The company has a market capitalization of $5.08 billion and a PE ratio of 18.10. 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 Corporation has a 52 week low of $27.17 and a 52 week high of $59.00.

Versant (NASDAQ:VSNT) last released its quarterly earnings data 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 business had revenue of $1.69 billion during the quarter. Research analysts forecast that Versant Corporation will post 4.35 earnings per share for the current year.

Versant Announces Dividend

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