USS Investment Management Ltd Purchases New Holdings in Versant Corporation $VSNT

USS Investment Management Ltd acquired a new position in Versant Corporation (NASDAQ:VSNT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,222 shares of the company’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Versant in the 4th quarter worth approximately $24,134,000. Cheviot Value Management LLC purchased a new position in Versant during the fourth quarter valued at $795,000. HBK Sorce Advisory LLC bought a new stake in Versant in the fourth quarter worth $646,000. Janney Montgomery Scott LLC purchased a new stake in shares of Versant in the fourth quarter worth $203,000. Finally, Barclays PLC bought a new position in shares of Versant during the fourth quarter valued at $112,000.

Versant Stock Performance

NASDAQ VSNT opened at $37.95 on Friday. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The stock has a 50-day simple moving average of $40.16. The company has a market cap of $5.36 billion and a P/E ratio of 19.07. 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 (NASDAQ:VSNT) last posted its earnings results 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 company had revenue of $1.69 billion for the quarter. On average, equities analysts predict that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VSNT. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price target on shares of Versant in a research note on Monday, May 18th. JPMorgan Chase & Co. began coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price for the company. The Goldman Sachs Group increased 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. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Versant has an average rating of “Hold” and a consensus price target 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.