Diversified Trust Co Takes Position in Versant Corporation $VSNT

Diversified Trust Co bought a new stake in Versant Corporation (NASDAQ:VSNT) in the 1st quarter, Holdings Channel reports. The fund bought 19,506 shares of the company’s stock, valued at approximately $722,000.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Versant during the 4th quarter worth $112,000. Janney Montgomery Scott LLC purchased a new position in Versant in the 4th quarter valued at about $203,000. HBK Sorce Advisory LLC purchased a new position in Versant in the 4th quarter valued at about $646,000. Cheviot Value Management LLC purchased a new position in Versant in the 4th quarter valued at about $795,000. Finally, Cohen Klingenstein LLC acquired a new stake in shares of Versant during the first quarter valued at about $816,000.

Versant Stock Performance

NASDAQ:VSNT opened at $38.16 on Thursday. The firm has a market capitalization of $5.39 billion and a P/E ratio of 19.18. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The stock has a 50-day moving average price of $40.73. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, equities research analysts forecast that Versant Corporation will post 4.35 EPS for the current fiscal year.

Versant Announces Dividend

The company 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 is Wednesday, July 1st. Versant’s payout ratio is 75.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VSNT. JPMorgan Chase & Co. began coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Seaport Research Partners reissued a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. The Goldman Sachs Group raised 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. TD Cowen assumed coverage on Versant in a report on Monday, March 2nd. They set a “hold” rating and a $32.00 price objective on the stock. Finally, Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.40.

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.