Aire Advisors LLC Invests $732,000 in Versant Corporation $VSNT

Aire Advisors LLC purchased a new stake in shares of Versant Corporation (NASDAQ:VSNT) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 19,773 shares of the company’s stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSNT. Citizens National Bank Trust Department purchased a new stake in Versant in the 1st quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in Versant during the first quarter valued at about $28,000. Advocate Investing Services LLC bought a new position in Versant during the first quarter worth about $33,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Versant during the first quarter worth about $35,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Versant in the first quarter worth about $37,000.

Versant Trading Down 1.2%

NASDAQ VSNT opened at $35.90 on Friday. Versant Corporation has a 12 month low of $27.17 and a 12 month high of $59.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. The business has a fifty day moving average of $39.33. The stock has a market capitalization of $5.07 billion and a PE ratio of 18.04.

Versant (NASDAQ:VSNT) last issued its earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. As a group, analysts forecast that Versant Corporation will post 4.38 earnings per share for the current fiscal year.

Versant Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 payout ratio is 75.38%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSNT. JPMorgan Chase & Co. initiated coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Zacks Research lowered shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 target price on shares of Versant in a report on Monday, May 18th. Finally, The Goldman Sachs Group increased their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Versant presently has an average rating of “Hold” and an average target price of $41.80.

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.