Janney Montgomery Scott LLC Acquires 161,803 Shares of Versant Corporation $VSNT

Janney Montgomery Scott LLC raised its holdings in shares of Versant Corporation (NASDAQ:VSNT) by 3,591.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,308 shares of the company’s stock after purchasing an additional 161,803 shares during the period. Janney Montgomery Scott LLC’s holdings in Versant were worth $6,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Advocate Investing Services LLC bought a new position in shares of Versant during the first quarter valued at $33,000. AdvisorNet Financial Inc bought a new stake in Versant in the 1st quarter worth about $37,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Versant in the 1st quarter worth about $42,000. Sterling Capital Management LLC purchased a new position in Versant in the 1st quarter worth about $53,000. Finally, Webster Bank N. A. bought a new position in Versant during the 1st quarter valued at about $66,000.

Analysts Set New Price Targets

VSNT has been the topic of a number of recent analyst reports. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price target on shares of Versant in a report on Monday, May 18th. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective for the company. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group lifted their target price on shares of 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.40.

Versant Stock Performance

Shares of NASDAQ:VSNT opened at $37.95 on Friday. The stock has a 50-day moving average price of $40.16. The stock has a market capitalization of $5.36 billion and a PE ratio of 19.07. Versant Corporation has a 52-week low of $27.17 and a 52-week 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 released its quarterly earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.69 by $0.30. The business had revenue of $1.69 billion for the quarter. As a group, equities analysts forecast that Versant Corporation will post 4.35 earnings per share for the current fiscal year.

Versant Announces Dividend

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 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.