Versant (NASDAQ:VSNT) Trading Down 4.6% - Here's What Happened

Key Points

• Versant shares fell 4.6% to $39.10 in Friday trading, with volume down 84% from the average session. The company’s market capitalization is approximately $5.44 billion.
• Analysts maintain a generally cautious outlook: one rates the stock Buy and seven rate it Hold, producing a consensus Hold rating and an average price target of $43.20.
• Versant reported quarterly EPS of $1.49, exceeding estimates of $1.39, and generated $1.64 billion in revenue. The company also declared a quarterly dividend of $0.375 per share, equivalent to a 3.8% yield.

Versant Corporation (NASDAQ:VSNT - Get Free Report) fell 4.6% during trading on Friday . The company 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 firms have commented on VSNT. Seaport Research Partners reaffirmed a "buy" rating and set a $46.00 price objective on shares of Versant in a research note on Monday, May 18th. Weiss Ratings raised Versant from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. began coverage on shares of Versant in a report on Tuesday, May 12th. They issued a "neutral" rating and a $43.00 price target on the stock. Arete Research raised shares of Versant from a "sell" rating to a "neutral" rating and set a $40.00 price target for the company in a research report on Friday, July 17th. Finally, TD Cowen raised their price objective on shares of Versant from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.20.

Versant Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. The business has a fifty day moving average of $37.52 and a 200-day moving average of $37.95. The firm has a market capitalization of $5.44 billion and a P/E ratio of 11.27.

Versant (NASDAQ:VSNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.10. The company 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 Announces Dividend

The company also recently announced 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. This represents a $1.50 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st. Versant's payout ratio is 43.10%.

Hedge Funds Weigh In On Versant

Several institutional investors and hedge funds have recently modified their holdings of VSNT. Citizens National Bank Trust Department acquired a new position in Versant in the first quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Versant during the 1st quarter worth about $28,000. Parallel Advisors LLC bought a new stake in shares of Versant in the first quarter valued at approximately $32,000. HB Wealth Management LLC boosted its holdings in Versant by 7.8% in the 2nd quarter. HB Wealth Management LLC now owns 11,985 shares of the company's stock valued at $432,000 after purchasing an additional 866 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in shares of Versant in the first quarter valued at about $33,000.

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.

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