Versant Corporation (NASDAQ:VSNT) Receives $41.80 Average Price Target from Analysts

Versant Corporation (NASDAQ:VSNT) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $41.80.

A number of equities analysts have commented on VSNT shares. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. started coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 target price on the stock. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target on the stock in a research note on Friday. The Goldman Sachs Group increased their price target on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. 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.

Institutional Trading of Versant

Hedge funds have recently modified their holdings of the business. Gradient Investments LLC acquired a new position in Versant during the second quarter worth $1,350,000. Mirador Capital Partners LP acquired a new stake in Versant in the second quarter valued at $759,000. GAMMA Investing LLC acquired a new stake in Versant in the second quarter valued at $129,000. Central Pacific Bank Trust Division purchased a new stake in shares of Versant during the 2nd quarter worth $282,000. Finally, Grove Bank & Trust purchased a new stake in shares of Versant during the 2nd quarter worth $566,000.

Versant Trading Up 0.2%

NASDAQ:VSNT opened at $35.96 on Friday. The firm has a market capitalization of $5.07 billion and a price-to-earnings ratio of 18.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.32 and a current ratio of 2.32. The company has a 50 day moving average of $39.22. Versant has a 12-month low of $27.17 and a 12-month high of $59.00.

Versant (NASDAQ:VSNT) last issued 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 forecast that Versant will post 4.38 EPS for the current fiscal year.

Versant Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, July 1st. Versant’s dividend payout ratio is 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.