156,441 Versant Corporation $VSNT Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP grew its position in Versant Corporation (NASDAQ:VSNT) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 614,629 shares of the company’s stock after acquiring an additional 156,441 shares during the quarter. RWC Asset Management LLP owned about 0.44% of Versant worth $19,484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VSNT. Vision Financial Markets LLC purchased a new stake in Versant in the 3rd quarter worth about $41,000. Pinnacle Associates Ltd. lifted its stake in Versant by 24.4% in the third quarter. Pinnacle Associates Ltd. now owns 10,578 shares of the company’s stock worth $335,000 after purchasing an additional 2,072 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Versant in the third quarter worth about $557,000. Vontobel Holding Ltd. bought a new stake in Versant in the third quarter worth about $324,000. Finally, Mather Group LLC. boosted its position in shares of Versant by 253.5% during the third quarter. Mather Group LLC. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 682 shares during the period.

Analyst Upgrades and Downgrades

VSNT has been the topic of a number of analyst reports. TD Cowen upped their target price on Versant from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Arete Research raised Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a research note on Friday, July 17th. Citigroup assumed coverage on Versant in a report on Thursday, September 24th. They set a “buy” rating and a $41.00 price objective for the company. Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. Finally, Morgan Stanley assumed coverage on Versant in a research report on Thursday, October 15th. They issued an “equal weight” rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Versant currently has an average rating of “Hold” and an average price target of $42.29.

Versant Trading Down 2.7%

VSNT stock traded down $0.86 during trading on Friday, hitting $31.43. The company had a trading volume of 1,124,096 shares, compared to its average volume of 1,755,097. Versant Corporation has a 52-week low of $27.17 and a 52-week high of $59.00. The company has a 50 day simple moving average of $35.31 and a 200-day simple moving average of $37.68. The firm has a market capitalization of $4.36 billion and a P/E ratio of 9.03. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.10. The company had revenue of $1.64 billion during the quarter. As a group, research analysts forecast that Versant Corporation will post 4.10 earnings per share for the current fiscal year.

Versant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were issued a $0.3750 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.8%. Versant’s payout ratio is presently 43.10%.

Versant Company Profile

Versant, Inc (NASDAQ: VSNT) is a media and entertainment company formed from selected cable television and digital assets formerly owned by Comcast’s NBCUniversal division. The company develops, produces, distributes and markets entertainment, news, sports and lifestyle content across television networks and digital platforms.

Versant’s portfolio includes USA Network, E!, SYFY, Oxygen, Golf Channel and related digital properties. Its assets also include Fandango and Rotten Tomatoes, which provide movie-ticketing, entertainment information and media-review services.