Grove Bank & Trust Invests $566,000 in Versant Corporation $VSNT

Grove Bank & Trust acquired a new stake in Versant Corporation (NASDAQ:VSNT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 15,719 shares of the company’s stock, valued at approximately $566,000.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Versant during the fourth quarter worth about $24,134,000. Cheviot Value Management LLC acquired a new position in Versant during the fourth quarter valued at approximately $795,000. HBK Sorce Advisory LLC bought a new position in Versant in the fourth quarter valued at approximately $646,000. Janney Montgomery Scott LLC bought a new position in Versant in the fourth quarter valued at approximately $203,000. Finally, Barclays PLC bought a new position in Versant in the fourth quarter valued at approximately $112,000.

Versant Stock Performance

Shares of NASDAQ VSNT opened at $35.79 on Thursday. 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 Corporation has a 12 month low of $27.17 and a 12 month high of $59.00. The stock has a 50 day moving average of $37.74 and a 200-day moving average of $36.78. The company has a market capitalization of $5.05 billion and a P/E ratio of 17.98.

Versant (NASDAQ:VSNT) last posted 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 during the quarter. As a group, equities research analysts predict that Versant Corporation will post 4.38 EPS for the current year.

Versant Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VSNT shares. Arete Research upgraded Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective on the stock in a research note on Friday, July 17th. Zacks Research raised Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. 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 target price for the company. Seaport Research Partners restated a “buy” rating and set a $46.00 target price on shares of Versant in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Versant presently has a consensus rating of “Hold” and an average target price of $41.80.

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.