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

Versant Corporation (NASDAQ:VSNTGet Free Report) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.20.

A number of brokerages have recently commented on VSNT. Zacks Research downgraded Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 target price on shares of Versant in a report on Monday, May 18th. Weiss Ratings upgraded shares of Versant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. started coverage on shares of Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective on the stock.

View Our Latest Stock Report on VSNT

Versant Stock Down 5.8%

Shares of NASDAQ VSNT opened at $38.61 on Friday. The stock has a market cap of $5.36 billion and a P/E ratio of 11.09. The business’s fifty day simple moving average is $37.57 and its 200-day simple moving average is $37.95. Versant has a 12-month low of $27.17 and a 12-month high of $59.00. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNTGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.10. The company had revenue of $1.64 billion for the quarter. As a group, equities analysts predict that Versant will post 4.04 EPS for the current fiscal year.

Versant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.9%. Versant’s payout ratio is presently 43.10%.

Hedge Funds Weigh In On Versant

Several large investors have recently bought and sold shares of VSNT. Citizens National Bank Trust Department purchased a new stake in Versant during the 1st quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Versant in the 1st quarter valued at about $28,000. Parallel Advisors LLC acquired a new stake in shares of Versant during the 1st quarter worth about $32,000. Advocate Investing Services LLC acquired a new stake in shares of Versant during the 1st quarter worth about $33,000. Finally, Parkside Financial Bank & Trust purchased a new stake in Versant during the second quarter worth approximately $34,000.

About Versant

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Versant (NASDAQ:VSNT)

Receive News & Ratings for Versant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versant and related companies with MarketBeat.com's FREE daily email newsletter.