Impact Partnership Wealth LLC Invests $565,000 in Versant Corporation $VSNT

Impact Partnership Wealth LLC acquired a new stake in Versant Corporation (NASDAQ:VSNT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,255 shares of the company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC acquired a new position in Versant during the 1st quarter worth $33,000. AdvisorNet Financial Inc acquired a new stake in Versant in the 1st quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Versant in the 1st quarter valued at about $42,000. Sterling Capital Management LLC purchased a new position in shares of Versant in the 1st quarter valued at about $53,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Versant in the 1st quarter valued at about $56,000.

Versant Stock Up 1.0%

Shares of VSNT opened at $36.36 on Thursday. The firm has a market capitalization of $5.13 billion and a P/E ratio of 18.27. Versant Corporation has a 52-week low of $27.17 and a 52-week high of $59.00. 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 company has a 50 day simple moving average of $40.24.

Versant (NASDAQ:VSNT) last released its quarterly earnings data 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 company had revenue of $1.69 billion for the quarter. On average, equities analysts anticipate that Versant Corporation will post 4.35 EPS for the current fiscal year.

Versant Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VSNT. JPMorgan Chase & Co. initiated coverage on shares of Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. The Goldman Sachs Group increased their target price on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. 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 stock. According to data from MarketBeat.com, Versant 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.