Versant (NASDAQ:VSNT) Upgraded at Arete Research

Arete Research upgraded shares of Versant (NASDAQ:VSNT) from a sell rating to a neutral rating in a research report released on Friday morning, Marketbeat.com reports. Arete Research currently has $40.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Versant in a research report on Monday, May 18th. The Goldman Sachs Group boosted their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report 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 target on the stock. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Zacks Research downgraded shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Versant currently has a consensus rating of “Hold” and an average price target of $41.80.

Versant Price Performance

Shares of VSNT stock opened at $35.90 on Friday. The stock’s fifty day simple moving average is $39.33. Versant has a 1-year low of $27.17 and a 1-year high of $59.00. The stock has a market cap of $5.07 billion and a P/E ratio of 18.04. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last released its quarterly earnings results on Thursday, May 14th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.30. The business had revenue of $1.69 billion during the quarter. As a group, equities research analysts anticipate that Versant will post 4.38 earnings per share for the current year.

Versant Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.375 dividend. The ex-dividend date is Wednesday, July 1st. Versant’s dividend payout ratio is 75.38%.

Institutional Trading of Versant

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

Versant Company Profile

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.