Zacks Investment Research lowered shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) from a buy rating to a hold rating in a research note published on Wednesday morning.
According to Zacks, “VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses. Its solutions secure access to data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their Web-based and mobile applications. It offers VACMAN Controller, a host system software authentication platform that combines various technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; eSignLive electronic signature and document management solution; and IDENTIKEY Risk Manager, a risk analysis solution that provides an approach to fraud prevention. “
Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of VASCO Data Security International from a sell rating to a hold rating in a report on Friday, September 1st. Imperial Capital started coverage on shares of VASCO Data Security International in a report on Monday, June 26th. They set an outperform rating and a $16.00 price target for the company. Finally, BidaskClub lowered shares of VASCO Data Security International from a hold rating to a sell rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $16.00.
VASCO Data Security International (NASDAQ:VDSI) traded down 0.42% during midday trading on Wednesday, hitting $11.95. 129,705 shares of the stock traded hands. The company has a market cap of $475.57 million, a PE ratio of 77.10 and a beta of 1.40. VASCO Data Security International has a one year low of $11.05 and a one year high of $18.20. The company’s 50-day moving average is $12.07 and its 200-day moving average is $13.18.
VASCO Data Security International (NASDAQ:VDSI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. The business had revenue of $45.70 million during the quarter, compared to analyst estimates of $42.87 million. VASCO Data Security International had a net margin of 0.24% and a return on equity of 0.17%. The business’s revenue was down 15.8% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Equities research analysts expect that VASCO Data Security International will post $0.07 EPS for the current fiscal year.
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In other VASCO Data Security International news, CEO T Kendall Hunt sold 21,247 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $14.00, for a total transaction of $297,458.00. Following the completion of the transaction, the chief executive officer now directly owns 7,537,461 shares of the company’s stock, valued at approximately $105,524,454. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 275,797 shares of company stock valued at $3,401,469. 25.44% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in VDSI. ETF Managers Group LLC acquired a new position in VASCO Data Security International during the 2nd quarter worth $25,306,000. Archon Capital Management LLC acquired a new position in VASCO Data Security International during the 2nd quarter worth $3,657,000. Dimensional Fund Advisors LP grew its holdings in VASCO Data Security International by 39.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 760,604 shares of the technology company’s stock worth $10,914,000 after acquiring an additional 214,760 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in VASCO Data Security International during the 2nd quarter worth $1,128,000. Finally, Vanguard Group Inc. grew its holdings in VASCO Data Security International by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,666,236 shares of the technology company’s stock worth $23,912,000 after acquiring an additional 72,648 shares in the last quarter. 51.61% of the stock is owned by institutional investors.
VASCO Data Security International Company Profile
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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