Versant (NASDAQ:VSNT) Trading Down 4.6% – What’s Next?

Versant Corporation (NASDAQ:VSNT)’s stock price dropped 4.6% on Friday . The stock traded as low as $39.07 and last traded at $39.10. 460,179 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,891,733 shares. The stock had previously closed at $40.97.

Wall Street Analyst Weigh In

Several research analysts have commented on VSNT shares. JPMorgan Chase & Co. assumed coverage on shares of Versant in a report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 target price on shares of Versant in a research note on Monday, May 18th. The Goldman Sachs Group boosted their price target on shares of Versant from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. TD Cowen increased their price target on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Finally, Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective for the company in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.20.

Versant Trading Down 5.8%

The stock’s fifty day simple moving average is $37.57 and its two-hundred day simple moving average is $37.95. The firm has a market cap of $5.36 billion and a PE ratio of 11.09. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.10. The business had revenue of $1.64 billion for the quarter. On average, sell-side analysts forecast that Versant Corporation will post 4.04 EPS for the current fiscal year.

Versant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders 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 yield of 3.9%. Versant’s payout ratio is presently 43.10%.

Institutional Investors Weigh In On Versant

Several hedge funds have recently added to or reduced their stakes in VSNT. Citizens National Bank Trust Department bought a new stake in shares of Versant during the first quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in shares of Versant during the first quarter valued at $28,000. Parallel Advisors LLC bought a new position in shares of Versant during the first quarter valued at $32,000. Advocate Investing Services LLC purchased a new stake in shares of Versant during the first quarter valued at $33,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of Versant during the second quarter valued at $34,000.

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.