VASCO Data Security International, Inc. (VDSI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.00.

Several research firms have weighed in on VDSI. Zacks Investment Research lowered VASCO Data Security International from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Imperial Capital initiated coverage on VASCO Data Security International in a research report on Monday, June 26th. They issued an “outperform” rating and a $16.00 price objective on the stock. ValuEngine upgraded VASCO Data Security International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded VASCO Data Security International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

In other news, CEO T Kendall Hunt sold 2,776 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $14.32, for a total value of $39,752.32. Following the sale, the chief executive officer now directly owns 7,613,776 shares in the company, valued at $109,029,272.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 234,600 shares of company stock worth $3,139,836 over the last 90 days. Company insiders own 25.88% of the company’s stock.

Large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its position in shares of VASCO Data Security International by 6.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,110 shares of the technology company’s stock valued at $102,000 after acquiring an additional 410 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of VASCO Data Security International by 56.6% in the second quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock valued at $131,000 after acquiring an additional 3,297 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of VASCO Data Security International in the first quarter valued at $136,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of VASCO Data Security International by 14.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Tiedemann Wealth Management LLC lifted its position in shares of VASCO Data Security International by 6.5% in the first quarter. Tiedemann Wealth Management LLC now owns 10,725 shares of the technology company’s stock valued at $145,000 after acquiring an additional 650 shares in the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.

VASCO Data Security International (NASDAQ VDSI) remained flat at $12.35 on Tuesday. The company’s stock had a trading volume of 125,543 shares. The stock has a market capitalization of $491.49 million, a PE ratio of 79.68 and a beta of 1.40. The firm’s 50 day moving average is $12.81 and its 200 day moving average is $13.41. VASCO Data Security International has a 1-year low of $11.85 and a 1-year high of $19.09.

VASCO Data Security International (NASDAQ:VDSI) last posted its earnings results on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The company had revenue of $45.70 million for the quarter, compared to analyst estimates of $42.87 million. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. VASCO Data Security International’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts expect that VASCO Data Security International will post $0.07 EPS for the current year.

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About VASCO Data Security International

VASCO Data Security International, Inc designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses.

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