Versant Corporation Announces Dividend of $0.38 (NASDAQ:VSNT)

Versant Corporation (NASDAQ:VSNT) declared a dividend on Thursday, May 14th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.375 per share on Wednesday, July 22nd. The ex-dividend date is Wednesday, July 1st.

Versant Stock Performance

NASDAQ VSNT opened at $36.14 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $40.53. The firm has a market capitalization of $5.10 billion and a P/E ratio of 18.16. Versant has a 1-year low of $27.17 and a 1-year high of $59.00.

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 analysts’ consensus estimates of $1.69 by $0.30. The company had revenue of $1.69 billion during the quarter. On average, analysts predict that Versant will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.