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

Lewis Asset Management LLC bought a new position in Versant Corporation (NASDAQ:VSNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,121 shares of the company’s stock, valued at approximately $634,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Versant in a research report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price target for the company. The Goldman Sachs Group raised their target price on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and issued a $46.00 price target on shares of Versant in a research report on Monday, May 18th. Finally, TD Cowen initiated coverage on Versant in a research note on Monday, March 2nd. They issued a “hold” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Versant currently has a consensus rating of “Hold” and a consensus target price of $40.40.

Versant Stock Performance

NASDAQ:VSNT opened at $36.14 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $5.10 billion and a price-to-earnings ratio of 18.16. Versant Corporation has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The company’s 50-day moving average price is $40.53.

Versant (NASDAQ:VSNT) last issued its earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, equities research analysts predict 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. Shareholders of record on Wednesday, July 1st will be paid 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%.

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.