New York State Teachers Retirement System Invests $5.48 Million in Versant Corporation $VSNT

New York State Teachers Retirement System bought a new position in shares of Versant Corporation (NASDAQ:VSNT) during the first quarter, HoldingsChannel reports. The firm bought 147,967 shares of the company’s stock, valued at approximately $5,478,000.

Several other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Versant during the first quarter worth $28,000. Advocate Investing Services LLC bought a new stake in Versant during the first quarter valued at $33,000. AdvisorNet Financial Inc acquired a new stake in shares of Versant during the first quarter worth $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Versant during the first quarter worth $42,000. Finally, Sterling Capital Management LLC bought a new position in shares of Versant in the 1st quarter worth about $53,000.

Analyst Ratings Changes

A number of brokerages have commented on VSNT. Seaport Research Partners restated a “buy” rating and issued a $46.00 target price on shares of Versant in a research note on Monday, May 18th. The Goldman Sachs Group boosted their price objective on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. started coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. Finally, Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.40.

Versant Price Performance

Shares of VSNT stock opened at $37.39 on Wednesday. Versant Corporation has a 12-month low of $27.17 and a 12-month high of $59.00. The company has a market cap of $5.28 billion and a price-to-earnings ratio of 18.79. The business has a 50 day simple moving average of $40.07. 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 announced its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. On average, equities analysts anticipate that Versant Corporation will post 4.38 EPS for the current fiscal year.

Versant Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio is currently 75.38%.

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.