Aire Advisors LLC Makes New Investment in Versant Corporation $VSNT

Aire Advisors LLC acquired a new position in shares of Versant Corporation (NASDAQ:VSNT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,773 shares of the company’s stock, valued at approximately $732,000.

Other hedge funds also recently modified their holdings of the company. Citizens National Bank Trust Department acquired a new stake in Versant in the first quarter valued at $26,000. Root Financial Partners LLC acquired a new position in Versant during the first quarter worth approximately $28,000. Advocate Investing Services LLC acquired a new position in Versant during the first quarter worth approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Versant in the first quarter valued at approximately $35,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Versant in the first quarter valued at approximately $37,000.

Versant Stock Performance

Versant stock opened at $35.90 on Friday. The company has a market cap of $5.07 billion and a price-to-earnings ratio of 18.04. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $39.33. Versant Corporation has a 52-week low of $27.17 and a 52-week high of $59.00.

Versant (NASDAQ:VSNT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.69 by $0.30. The company had revenue of $1.69 billion for the quarter. As a group, equities research analysts predict that Versant Corporation will post 4.38 EPS for the current fiscal year.

Versant Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is currently 75.38%.

Wall Street Analysts Forecast Growth

VSNT has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price for the company. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price target on shares of Versant in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, 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. One 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 stock presently has a consensus rating of “Hold” and a consensus price target 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.