VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Versant Corporation $VSNT

Key Points

• Virginia Retirement Systems acquired 93,900 shares of Versant, valued at approximately $3.38 million, representing about 0.07% of the company. Several other institutional investors also initiated positions.
• Versant reported quarterly EPS of $1.49, beating estimates of $1.39, on revenue of $1.64 billion. Analysts expect full-year EPS of approximately $4.04.
• Shares opened at $37.21, down 2.7%, while Versant announced a quarterly dividend of $0.375 per share, equivalent to a 4.0% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $43.20.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Versant Corporation (NASDAQ:VSNT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,900 shares of the company's stock, valued at approximately $3,381,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of Versant as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department bought a new stake in shares of Versant in the first quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Versant during the 1st quarter valued at about $28,000. Parallel Advisors LLC purchased a new position in Versant during the 1st quarter valued at about $32,000. Advocate Investing Services LLC purchased a new position in Versant during the 1st quarter valued at about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Versant in the 1st quarter valued at about $35,000.

Versant Stock Down 2.7%

Versant stock opened at $37.21 on Thursday. 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 market capitalization of $5.16 billion and a price-to-earnings ratio of 10.69. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00. The business has a fifty day moving average price of $37.69 and a 200-day moving average price of $38.20.

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

Versant Announces Dividend

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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, October 1st. Versant's payout ratio is currently 43.10%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of Versant from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Seaport Research Partners reissued a "buy" rating and issued a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. TD Cowen increased 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. Weiss Ratings raised Versant from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 25th. Finally, The Goldman Sachs Group upped 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. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Versant currently has an average rating of "Hold" and an average price target of $43.20.

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.

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