Versant Corporation (NASDAQ:VSNT) Receives $40.40 Consensus PT from Brokerages

Shares of Versant Corporation (NASDAQ:VSNT) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.40.

A number of equities analysts have commented on VSNT shares. The Goldman Sachs Group lifted their price target on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. started coverage on Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price target on the stock. Weiss Ratings raised Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, TD Cowen started 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.

Versant Trading Up 0.8%

Shares of NASDAQ VSNT opened at $36.14 on Tuesday. The stock has a market cap of $5.10 billion and a PE ratio of 18.16. 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 has a 1-year low of $27.17 and a 1-year high of $59.00. The firm’s 50-day moving average price is $40.53.

Versant (NASDAQ:VSNT) last announced its quarterly earnings data 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 firm had revenue of $1.69 billion for the quarter. On average, analysts forecast that Versant will post 4.35 EPS for the current fiscal year.

Versant Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. Versant’s payout ratio is 75.38%.

Hedge Funds Weigh In On Versant

A number of large investors have recently bought and sold shares of the stock. Citizens National Bank Trust Department purchased a new position in Versant in the 1st quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in Versant in the 1st quarter worth approximately $28,000. Parallel Advisors LLC purchased a new position in Versant in the 1st quarter worth approximately $32,000. Advocate Investing Services LLC purchased a new position in Versant in the 1st quarter worth approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Versant in the 1st quarter worth approximately $35,000.

About Versant

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.