HBK Sorce Advisory LLC Purchases New Holdings in Versant Corporation $VSNT

HBK Sorce Advisory LLC bought a new position in shares of Versant Corporation (NASDAQ:VSNT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,348 shares of the company’s stock, valued at approximately $646,000.

Separately, Massachusetts Financial Services Co. MA bought a new stake in shares of Versant in the 4th quarter worth approximately $24,134,000.

Insider Activity at Versant

In other news, Director Michael Aaron Conway acquired 1,350 shares of Versant stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $36.14 per share, with a total value of $48,789.00. Following the completion of the transaction, the director owned 3,728 shares in the company, valued at approximately $134,729.92. This trade represents a 56.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald L. Hassell acquired 10,000 shares of Versant stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of $36.07 per share, with a total value of $360,700.00. Following the transaction, the director owned 12,680 shares of the company’s stock, valued at approximately $457,367.60. The trade was a 373.13% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 154,350 shares of company stock valued at $5,679,039. Insiders own 7.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VSNT shares. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Seaport Research Partners restated a “buy” rating and issued a $46.00 target price on shares of Versant in a research report on Monday, May 18th. TD Cowen started coverage on Versant in a research report on Monday, March 2nd. They issued a “hold” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Versant presently has an average rating of “Hold” and an average price target of $40.40.

Versant Trading Up 0.1%

Shares of VSNT stock opened at $42.70 on Wednesday. Versant Corporation has a 1-year low of $27.17 and a 1-year high of $59.00. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.03 billion and a P/E ratio of 21.46. The company’s fifty day simple moving average is $39.50.

Versant (NASDAQ:VSNT) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. On average, sell-side analysts predict that Versant Corporation will post 4.35 EPS for the current year.

Versant Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, April 1st. Versant’s dividend payout ratio (DPR) is presently 75.38%.

About Versant

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.