Janney Montgomery Scott LLC Purchases 161,803 Shares of Versant Corporation $VSNT

Janney Montgomery Scott LLC increased its position in Versant Corporation (NASDAQ:VSNT) by 3,591.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,308 shares of the company’s stock after purchasing an additional 161,803 shares during the period. Janney Montgomery Scott LLC owned 0.12% of Versant worth $6,157,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in Versant during the fourth quarter valued at $24,134,000. Cheviot Value Management LLC purchased a new stake in shares of Versant in the 4th quarter worth about $795,000. HBK Sorce Advisory LLC purchased a new stake in shares of Versant in the 4th quarter worth about $646,000. Barclays PLC purchased a new stake in shares of Versant in the 4th quarter worth about $112,000. Finally, State of Tennessee Department of Treasury bought a new position in shares of Versant in the 4th quarter worth about $3,460,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target for the company. Seaport Research Partners restated a “buy” rating and issued a $46.00 price objective on shares of Versant in a 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. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group boosted their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.40.

Versant Price Performance

Shares of NASDAQ:VSNT opened at $37.95 on Friday. The firm’s fifty day moving average is $40.16. 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 market capitalization of $5.36 billion and a P/E ratio of 19.07. Versant Corporation has a 1-year low of $27.17 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, sell-side analysts anticipate that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Dividend Announcement

The company 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 is currently 75.38%.

Versant Company 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.