Hsbc Holdings PLC Purchases 268,740 Shares of Versant Corporation $VSNT

Hsbc Holdings PLC boosted its holdings in Versant Corporation (NASDAQ:VSNT - Free Report) by 154.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 443,145 shares of the company's stock after purchasing an additional 268,740 shares during the quarter. Hsbc Holdings PLC owned about 0.32% of Versant worth $16,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HBK Sorce Advisory LLC bought a new position in shares of Versant in the fourth quarter valued at $646,000. Janney Montgomery Scott LLC acquired a new stake in shares of Versant in the 4th quarter worth about $203,000. Barclays PLC acquired a new stake in shares of Versant in the 4th quarter worth about $112,000. State of Tennessee Department of Treasury bought a new position in Versant in the 4th quarter valued at about $3,460,000. Finally, Cohen Klingenstein LLC bought a new position in Versant in the 1st quarter valued at about $816,000.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. initiated coverage on Versant in a report on Tuesday, May 12th. They set a "neutral" rating and a $43.00 price objective for the company. Weiss Ratings upgraded Versant from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 25th. TD Cowen lifted their target price on Versant from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, August 7th. Arete Research upgraded Versant from a "sell" rating to a "neutral" rating and set a $40.00 price target for the company in a report on Friday, July 17th. Finally, Zacks Research lowered Versant from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Versant presently has an average rating of "Hold" and an average price target of $43.20.

Versant Trading Down 0.9%

Shares of VSNT stock opened at $38.25 on Wednesday. The stock has a market capitalization of $5.31 billion and a price-to-earnings ratio of 10.99. The company's fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $38.15. Versant Corporation has a 1 year low of $27.17 and a 1 year 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.

Versant (NASDAQ:VSNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.10. The company had revenue of $1.64 billion during the quarter. As a group, analysts anticipate that Versant Corporation will post 4.04 earnings per share for the current year.

Versant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, October 1st. Versant's payout ratio is presently 43.10%.

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.

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