Lewis Asset Management LLC Makes New $634,000 Investment in Versant Corporation $VSNT

Lewis Asset Management LLC purchased a new stake in shares of Versant Corporation (NASDAQ:VSNT) during the first quarter, HoldingsChannel.com reports. The fund purchased 17,121 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in shares of Versant during the 4th quarter valued at $24,134,000. Cheviot Value Management LLC purchased a new position in Versant in the fourth quarter worth about $795,000. HBK Sorce Advisory LLC purchased a new position in Versant in the fourth quarter worth about $646,000. Janney Montgomery Scott LLC bought a new stake in shares of Versant during the 4th quarter valued at about $203,000. Finally, Barclays PLC bought a new stake in shares of Versant during the 4th quarter valued at about $112,000.

Versant Price Performance

Shares of NASDAQ VSNT opened at $36.14 on Friday. The stock has a market capitalization of $5.10 billion and a PE ratio of 18.16. Versant Corporation has a 1 year low of $27.17 and a 1 year high of $59.00. The stock has a fifty day moving average price of $40.53. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its 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 firm had revenue of $1.69 billion for the quarter. On average, research analysts expect that Versant Corporation will post 4.35 EPS for the current year.

Versant Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is currently 75.38%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VSNT shares. JPMorgan Chase & Co. initiated coverage on shares of Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock. Zacks Research lowered Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. TD Cowen assumed coverage on Versant in a report on Monday, March 2nd. They set a “hold” rating and a $32.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Versant presently has an average rating of “Hold” and an average target price of $40.40.

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.