23,602 Shares in Versant Corporation $VSNT Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Versant Corporation (NASDAQ:VSNT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,602 shares of the company’s stock, valued at approximately $874,000.

Several other large investors have also made changes to their positions in VSNT. Advocate Investing Services LLC acquired a new stake in shares of Versant in the first quarter worth about $33,000. AdvisorNet Financial Inc bought a new position in shares of Versant in the 1st quarter valued at approximately $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Versant in the 1st quarter valued at approximately $42,000. Sterling Capital Management LLC bought a new position in shares of Versant in the 1st quarter valued at approximately $53,000. Finally, Webster Bank N. A. acquired a new stake in Versant in the 1st quarter worth approximately $66,000.

Versant Stock Performance

Shares of NASDAQ VSNT opened at $36.01 on Wednesday. Versant Corporation has a 52-week low of $27.17 and a 52-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. The firm’s fifty day moving average is $40.33. The company has a market capitalization of $5.08 billion and a PE ratio of 18.10.

Versant (NASDAQ:VSNT) last posted its 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 firm had revenue of $1.69 billion during the quarter. Analysts predict that Versant Corporation will post 4.35 earnings per share for the current year.

Versant Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 1st. Versant’s payout ratio is currently 75.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Seaport Research Partners reissued a “buy” rating and set a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. JPMorgan Chase & Co. started coverage on Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price for the company. Zacks Research downgraded Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.40.

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.