Versant Corporation (NASDAQ:VSNT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Versant Corporation (NASDAQ:VSNT) have received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $41.80.

Several research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They set a “neutral” rating and a $43.00 target price for the company. Finally, Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th.

Versant Price Performance

NASDAQ VSNT opened at $36.19 on Friday. Versant has a 1 year low of $27.17 and a 1 year high of $59.00. 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 has a market capitalization of $5.11 billion and a P/E ratio of 18.19. The firm’s fifty day simple moving average is $39.05.

Versant (NASDAQ:VSNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.30. The company had revenue of $1.69 billion for the quarter. Research analysts expect that Versant will post 4.38 earnings per share for the current year.

Versant Dividend Announcement

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

Institutional Investors Weigh In On Versant

Several hedge funds have recently modified their holdings of VSNT. Citizens National Bank Trust Department acquired a new position in Versant in the 1st quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Versant in the first quarter valued at approximately $28,000. Parallel Advisors LLC purchased a new stake in shares of Versant in the first quarter valued at approximately $32,000. Advocate Investing Services LLC purchased a new stake in shares of Versant in the first quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Versant in the first quarter valued at 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.