Elevation Point Wealth Partners LLC Invests $1.35 Million in Versant Corporation $VSNT

Elevation Point Wealth Partners LLC purchased a new position in Versant Corporation (NASDAQ:VSNT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,450 shares of the company’s stock, valued at approximately $1,349,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSNT. Massachusetts Financial Services Co. MA purchased a new position in Versant during the fourth quarter valued at $24,134,000. Janney Montgomery Scott LLC grew its stake in shares of Versant by 3,591.6% in the first quarter. Janney Montgomery Scott LLC now owns 166,308 shares of the company’s stock worth $6,157,000 after acquiring an additional 161,803 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in shares of Versant during the fourth quarter valued at $3,460,000. SG Americas Securities LLC bought a new position in shares of Versant during the first quarter valued at $2,813,000. Finally, Strs Ohio purchased a new position in shares of Versant in the 1st quarter worth about $2,512,000.

Versant Price Performance

VSNT stock opened at $37.95 on Monday. 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 Corporation has a 1-year low of $27.17 and a 1-year high of $59.00. The stock has a market capitalization of $5.36 billion and a PE ratio of 19.07. The business has a fifty day simple moving average of $40.16.

Versant (NASDAQ:VSNT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. As a group, analysts anticipate that Versant Corporation will post 4.35 earnings per share for the current year.

Versant Announces Dividend

The business also recently declared 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 dividend payout ratio (DPR) is presently 75.38%.

Wall Street Analyst Weigh In

A number of brokerages recently 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 shares of Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective for the company. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. 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. Finally, 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. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.