AXQ Capital LP Purchases New Shares in Versant Corporation $VSNT

Key Points

• AXQ Capital LP acquired 51,772 Versant shares during the second quarter, worth approximately $1.86 million. Several other institutional investors also initiated smaller positions.
• Versant reported quarterly EPS of $1.49, beating consensus estimates of $1.39, on revenue of $1.64 billion. The company’s shares recently traded at $38.61, with a market capitalization of about $5.36 billion.
• Versant declared a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a 3.9% yield. Analysts maintain a consensus “Hold” rating with a $43.20 price target.

AXQ Capital LP bought a new position in shares of Versant Corporation (NASDAQ:VSNT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,772 shares of the company's stock, valued at approximately $1,864,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department purchased a new position in Versant during the first quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in Versant in the 1st quarter valued at approximately $28,000. Parallel Advisors LLC acquired a new position in Versant during the 1st quarter worth approximately $32,000. Advocate Investing Services LLC acquired a new position in Versant during the 1st quarter worth approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Versant during the 1st quarter worth approximately $35,000.

Versant Price Performance

Shares of VSNT opened at $38.61 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 current ratio of 2.38 and a quick ratio of 2.38. The stock has a fifty day moving average price of $37.57 and a 200 day moving average price of $37.95. The company has a market cap of $5.36 billion and a P/E ratio of 11.09.

Versant (NASDAQ:VSNT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.64 billion for the quarter. On average, research analysts forecast that Versant Corporation will post 4.04 earnings per share for the current year.

Versant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.50 annualized dividend and a dividend yield of 3.9%. Versant's payout ratio is currently 43.10%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research lowered shares of Versant from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Arete Research raised Versant from a "sell" rating to a "neutral" rating and set a $40.00 price target for the company in a research note on Friday, July 17th. 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. Weiss Ratings raised shares of Versant from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Versant in a research report on Tuesday, May 12th. They issued a "neutral" rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $43.20.

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.

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