Diversified Trust Co Invests $722,000 in Versant Corporation $VSNT

Diversified Trust Co acquired a new stake in Versant Corporation (NASDAQ:VSNT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,506 shares of the company’s stock, valued at approximately $722,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Versant in the fourth quarter valued at approximately $112,000. Janney Montgomery Scott LLC purchased a new position in Versant during the fourth quarter worth approximately $203,000. HBK Sorce Advisory LLC acquired a new position in shares of Versant in the 4th quarter valued at $646,000. Cheviot Value Management LLC acquired a new position in shares of Versant in the 4th quarter valued at $795,000. Finally, Cohen Klingenstein LLC purchased a new stake in shares of Versant during the 1st quarter valued at $816,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Zacks Research downgraded Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. started coverage on Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. Seaport Research Partners reissued a “buy” rating and set a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, TD Cowen assumed coverage on Versant in a research note on Monday, March 2nd. They set a “hold” rating and a $32.00 price target for the company. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $40.40.

Versant Trading Up 0.7%

NASDAQ:VSNT opened at $38.16 on Thursday. 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 $5.39 billion and a price-to-earnings ratio of 19.18. The company’s fifty day simple moving average is $40.73. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00.

Versant (NASDAQ:VSNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. On average, analysts predict that Versant Corporation will post 4.35 earnings per share for the current year.

Versant Announces Dividend

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