Brokerages Set Versant Corporation (NASDAQ:VSNT) Price Target at $40.40

Versant Corporation (NASDAQ:VSNT) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $40.40.

Several equities research analysts have commented on VSNT shares. Zacks Research lowered shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. started coverage on shares of Versant in a research note on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. Finally, 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 target for the company.

Institutional Investors Weigh In On Versant

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new stake in shares of Versant during the 1st quarter worth approximately $32,000. Glenmede Trust Co. NA purchased a new stake in shares of Versant during the 1st quarter worth approximately $219,000. Essential Partners LLC purchased a new stake in shares of Versant during the 1st quarter worth approximately $82,000. Bank of America Corp DE purchased a new stake in shares of Versant during the 1st quarter worth approximately $25,317,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Versant during the 1st quarter worth approximately $2,544,000.

Versant Stock Performance

NASDAQ:VSNT opened at $35.97 on Tuesday. 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 stock has a market cap of $5.08 billion and a price-to-earnings ratio of 18.08. Versant has a 52 week low of $27.17 and a 52 week high of $59.00. The company has a 50-day moving average price of $40.42.

Versant (NASDAQ:VSNT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.99 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. As a group, sell-side analysts forecast that Versant will post 4.35 earnings per share for the current year.

Versant Dividend Announcement

The business also recently declared 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 presently 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.