Versant Corporation (NASDAQ:VSNT) Given Average Rating of “Hold” by Brokerages

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

A number of brokerages have commented on VSNT. Seaport Research Partners restated a “buy” rating and issued a $46.00 target price on shares of Versant in a research note on Monday, May 18th. The Goldman Sachs Group increased their price objective on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. started coverage on shares of Versant in a research note on Tuesday, May 12th. They set a “neutral” rating and a $43.00 price objective on the stock. TD Cowen started coverage on shares of Versant in a research note on Monday, March 2nd. They set a “hold” rating and a $32.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st.

Hedge Funds Weigh In On Versant

Hedge funds and other institutional investors have recently modified their holdings of the business. Citizens National Bank Trust Department bought a new position in shares of Versant during the first quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in Versant in the first quarter valued at approximately $28,000. Parallel Advisors LLC acquired a new stake in Versant in the first quarter valued at approximately $32,000. Advocate Investing Services LLC acquired a new stake in Versant in the first quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Versant in the first quarter worth $35,000.

Versant Price Performance

Shares of VSNT stock opened at $38.53 on Tuesday. 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 company has a market cap of $5.44 billion and a P/E ratio of 19.36. The stock has a 50-day moving average of $40.82. Versant has a one year low of $27.17 and a one year high of $59.00.

Versant (NASDAQ:VSNT) last issued its earnings results on Thursday, May 14th. The company reported $1.99 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, research analysts expect that Versant will post 4.35 EPS for the current fiscal year.

Versant Dividend Announcement

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

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.