Illinois Municipal Retirement Fund Acquires New Position in Versant Corporation $VSNT

Illinois Municipal Retirement Fund bought a new position in Versant Corporation (NASDAQ:VSNT) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,396 shares of the company’s stock, valued at approximately $2,384,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citizens National Bank Trust Department bought a new position in Versant during the first quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Versant during the first quarter worth approximately $28,000. Advocate Investing Services LLC bought a new stake in shares of Versant in the 1st quarter worth approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Versant in the 1st quarter worth approximately $35,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Versant in the 1st quarter worth approximately $37,000.

Analysts Set New Price Targets

Several equities analysts recently commented on VSNT shares. Zacks Research lowered shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. The Goldman Sachs Group boosted their price target on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. initiated coverage on shares of Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target for the company. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.80.

Versant Price Performance

Shares of Versant stock opened at $35.90 on Monday. The company’s 50 day simple moving average is $39.33. Versant Corporation has a 52 week low of $27.17 and a 52 week high of $59.00. The company has a market capitalization of $5.07 billion and a P/E ratio of 18.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32.

Versant (NASDAQ:VSNT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. On average, research analysts anticipate that Versant Corporation will post 4.38 earnings per share for the current year.

Versant Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s 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.