SG Americas Securities LLC Invests $2.81 Million in Versant Corporation $VSNT

SG Americas Securities LLC purchased a new stake in Versant Corporation (NASDAQ:VSNT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75,982 shares of the company’s stock, valued at approximately $2,813,000. SG Americas Securities LLC owned about 0.05% of Versant at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in Versant during the 4th quarter worth approximately $24,134,000. Cheviot Value Management LLC bought a new stake in Versant in the fourth quarter valued at approximately $795,000. HBK Sorce Advisory LLC acquired a new stake in Versant in the fourth quarter worth $646,000. Janney Montgomery Scott LLC acquired a new stake in Versant in the fourth quarter worth $203,000. Finally, Barclays PLC bought a new position in shares of Versant during the fourth quarter worth $112,000.

Analyst Upgrades and Downgrades

VSNT has been the subject of several research analyst reports. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. assumed coverage on Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Seaport Research Partners restated a “buy” rating and issued a $46.00 price target on shares of Versant in a report on Monday, May 18th. 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.40.

Versant Trading Up 0.1%

Shares of NASDAQ VSNT opened at $36.01 on Wednesday. The business has a fifty day moving average of $40.33. The firm has a market cap of $5.08 billion and a price-to-earnings ratio of 18.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00.

Versant (NASDAQ:VSNT) last released its quarterly 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 firm had revenue of $1.69 billion during the quarter. Equities research analysts forecast that Versant Corporation will post 4.35 EPS for the current year.

Versant Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is currently 75.38%.

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.