Grove Bank & Trust Buys Shares of 15,719 Versant Corporation $VSNT

Grove Bank & Trust bought a new position in Versant Corporation (NASDAQ:VSNT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,719 shares of the company’s stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VSNT. Citizens National Bank Trust Department acquired a new position in shares of Versant in the 1st quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in Versant during the 1st quarter worth $28,000. Parallel Advisors LLC bought a new position in Versant during the first quarter worth about $32,000. Advocate Investing Services LLC bought a new position in Versant during the first quarter worth about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Versant during the first quarter worth about $35,000.

Versant Stock Performance

Shares of Versant stock opened at $35.79 on Thursday. The firm has a market cap of $5.05 billion and a price-to-earnings ratio of 17.98. The stock’s 50-day moving average is $37.74 and its 200-day moving average is $36.78. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32.

Versant (NASDAQ:VSNT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. Equities analysts predict that Versant Corporation will post 4.38 earnings per share for the current fiscal year.

Versant Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on VSNT. The Goldman Sachs Group increased their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Seaport Research Partners reiterated a “buy” rating and set a $46.00 price objective on shares of Versant in a report on Monday, May 18th. JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Arete Research upgraded 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. Finally, Zacks Research raised Versant from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.