Versant Corporation (NASDAQ:VSNT) Plans Dividend of $0.38

Versant Corporation (NASDAQ:VSNT) announced a dividend on Thursday, May 14th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be paid a dividend of 0.375 per share on Wednesday, July 22nd. The ex-dividend date of this dividend is Wednesday, July 1st.

Versant Price Performance

VSNT stock opened at $36.14 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $40.53. Versant has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The company has a market cap of $5.10 billion and a PE ratio of 18.16.

Versant (NASDAQ:VSNT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.30. The firm had revenue of $1.69 billion for the quarter. As a group, equities analysts expect that Versant will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VSNT has been the topic of several research reports. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price target on shares of Versant in a research note on Monday, May 18th. TD Cowen initiated coverage on Versant in a report on Monday, March 2nd. They issued a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on Versant in a research report on Tuesday, May 12th. They issued a “neutral” rating and a $43.00 price objective for the company. Zacks Research cut Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.40.

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.