Impact Partnership Wealth LLC Takes $565,000 Position in Versant Corporation $VSNT

Impact Partnership Wealth LLC bought a new stake in Versant Corporation (NASDAQ:VSNT) in the first quarter, HoldingsChannel reports. The fund bought 15,255 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds have also recently added to or reduced their stakes in VSNT. Massachusetts Financial Services Co. MA purchased a new position in shares of Versant during the fourth quarter worth approximately $24,134,000. Janney Montgomery Scott LLC boosted its stake in Versant by 3,591.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock worth $6,157,000 after purchasing an additional 161,803 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Versant during the 4th quarter worth $3,460,000. SG Americas Securities LLC purchased a new position in Versant during the 1st quarter worth $2,813,000. Finally, Louisiana State Employees Retirement System purchased a new position in Versant during the 1st quarter worth $2,388,000.

Wall Street Analysts Forecast Growth

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

Versant Stock Up 1.0%

Shares of NASDAQ:VSNT opened at $36.36 on Thursday. The stock has a market capitalization of $5.13 billion and a P/E ratio of 18.27. The company has a 50-day moving average price of $40.24. 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 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 results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. On average, research analysts forecast that Versant Corporation will post 4.35 EPS for the current year.

Versant Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is currently 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.