Y Intercept Hong Kong Ltd Makes New Investment in Versant Corporation $VSNT

Y Intercept Hong Kong Ltd purchased a new stake in Versant Corporation (NASDAQ:VSNT) during the 1st quarter, Holdings Channel.com reports. The firm purchased 65,974 shares of the company’s stock, valued at approximately $2,442,000.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Versant during the fourth quarter worth about $24,134,000. Cheviot Value Management LLC bought a new stake in Versant in the 4th quarter valued at approximately $795,000. HBK Sorce Advisory LLC acquired a new position in Versant during the 4th quarter worth approximately $646,000. Drucker Wealth 3.0 LLC acquired a new position in Versant during the 1st quarter worth approximately $560,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Versant during the 1st quarter worth approximately $2,388,000.

Analysts Set New Price Targets

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

Versant Stock Performance

Shares of NASDAQ:VSNT opened at $37.39 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 current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $5.28 billion and a P/E ratio of 18.79. The firm has a 50-day moving average price of $40.07.

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. As a group, equities analysts forecast that Versant Corporation will post 4.38 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. Shareholders 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 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.