Allspring Global Investments Holdings LLC Purchases New Holdings in Versant Corporation $VSNT

Allspring Global Investments Holdings LLC acquired a new position in shares of Versant Corporation (NASDAQ:VSNT) in the 1st quarter, HoldingsChannel reports. The firm acquired 140,453 shares of the company’s stock, valued at approximately $5,222,000.

Several other hedge funds have also recently added to or reduced their stakes in VSNT. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Versant in the 1st quarter valued at $503,000. Bank of New York Mellon Corp acquired a new position in shares of Versant during the 1st quarter worth approximately $24,475,000. Illinois Municipal Retirement Fund acquired a new position in shares of Versant during the 1st quarter worth approximately $2,384,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Versant in the first quarter valued at approximately $35,000. Finally, Sanctuary Advisors LLC purchased a new position in Versant during the first quarter worth approximately $455,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VSNT shares. The Goldman Sachs Group boosted their price objective on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Versant presently has an average rating of “Hold” and a consensus target price of $41.80.

Versant Stock Down 1.7%

Versant stock opened at $35.56 on Friday. Versant Corporation has a fifty-two week low of $27.17 and a fifty-two week 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 firm has a 50 day moving average price of $38.88 and a 200 day moving average price of $36.67. The company has a market capitalization of $5.02 billion and a PE ratio of 17.87.

Versant (NASDAQ:VSNT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. Research analysts expect that Versant Corporation will post 4.38 earnings per share for the current year.

Versant Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, July 1st. Versant’s dividend payout ratio is presently 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.