Drucker Wealth 3.0 LLC Purchases New Shares in Versant Corporation $VSNT

Drucker Wealth 3.0 LLC purchased a new position in shares of Versant Corporation (NASDAQ:VSNT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,135 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds have also recently added to or reduced their stakes in VSNT. North Star Investment Management Corp. bought a new position in shares of Versant in the first quarter worth about $75,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Versant during the first quarter worth $874,000. Janney Montgomery Scott LLC lifted its stake in shares of Versant by 3,591.6% during the first quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock valued at $6,157,000 after acquiring an additional 161,803 shares during the period. Advocate Investing Services LLC acquired a new position in Versant during the 1st quarter valued at about $33,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Versant during the first quarter worth approximately $844,000.

Versant Stock Up 0.1%

NASDAQ VSNT opened at $36.01 on Wednesday. The firm has a 50 day simple moving average of $40.33. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.08 billion and a P/E ratio of 18.10. Versant Corporation has a 12-month low of $27.17 and a 12-month high of $59.00.

Versant (NASDAQ:VSNT) last released its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. As a group, sell-side analysts expect that Versant Corporation will post 4.35 EPS for the current 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 $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.

Analyst Ratings Changes

A number of brokerages have issued reports on VSNT. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. began coverage on Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price target on the stock. Seaport Research Partners restated a “buy” rating and issued a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group lifted their price objective on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.40.

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.