Mirador Capital Partners LP Acquires New Position in Versant Corporation $VSNT

Mirador Capital Partners LP bought a new position in shares of Versant Corporation (NASDAQ:VSNT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,088 shares of the company’s stock, valued at approximately $759,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VSNT. Hsbc Holdings PLC bought a new stake in Versant in the first quarter valued at about $6,518,000. Principal Financial Group Inc. bought a new position in Versant during the first quarter worth about $26,331,000. Oregon Public Employees Retirement Fund bought a new position in Versant during the first quarter worth about $1,230,000. Sequoia Financial Advisors LLC acquired a new position in shares of Versant during the 1st quarter worth about $1,043,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Versant in the 4th quarter valued at about $24,134,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VSNT. The Goldman Sachs Group boosted 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. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. 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, July 17th. JPMorgan Chase & Co. assumed coverage on Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. Finally, Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.80.

Versant Price Performance

Shares of VSNT opened at $35.79 on Thursday. The stock has a market capitalization of $5.05 billion and a P/E ratio of 17.98. Versant Corporation has a twelve month low of $27.17 and a twelve month high of $59.00. The company has a 50 day moving average of $37.74 and a 200-day moving average of $36.78. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35.

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

Versant Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, July 1st. Versant’s payout ratio is 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.