Versant (NASDAQ:VSNT) Stock Passes Above 200-Day Moving Average – Should You Sell?

Versant Corporation (NASDAQ:VSNT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $39.15. Versant shares last traded at $38.63, with a volume of 2,000,167 shares traded.

Analyst Ratings Changes

Several research analysts have recently commented on VSNT shares. The Goldman Sachs Group boosted their target price on Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. started coverage on Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price on the stock. TD Cowen began coverage on Versant in a report on Monday, March 2nd. They set a “hold” rating and a $32.00 target price on the stock. Finally, Seaport Research Partners restated a “buy” rating and issued a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.40.

Versant Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.32 and a quick ratio of 2.32. The firm’s 50 day moving average is $40.80. The company has a market capitalization of $5.45 billion and a price-to-earnings ratio of 19.41.

Versant (NASDAQ:VSNT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion during the quarter. On average, research analysts anticipate that Versant Corporation will post 4.35 EPS for the current fiscal year.

Versant Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio (DPR) is currently 75.38%.

Hedge Funds Weigh In On Versant

Several hedge funds have recently added to or reduced their stakes in VSNT. Dimensional Fund Advisors LP bought a new position in Versant in the first quarter valued at about $41,747,000. Principal Financial Group Inc. bought a new position in Versant in the first quarter valued at about $26,331,000. Bank of America Corp DE bought a new position in Versant in the first quarter valued at about $25,317,000. Bank of New York Mellon Corp acquired a new position in Versant in the first quarter valued at about $24,475,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Versant in the 4th quarter valued at approximately $24,134,000.

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.