Zacks Investment Research upgraded shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) from a hold rating to a buy rating in a research report report published on Thursday. They currently have $15.00 price target on the technology company’s stock.
According to Zacks, “VASCO Data Security International, Inc. is a global leader in trusted security with two-factor authentication, transaction data signing, document e-signature and identity management solutions designed for all businesses and government agencies. VASCO also secures access to data and applications in the cloud and provides a robust toolset for application developers to easily integrate security functions into their web-based and mobile applications. “
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of VASCO Data Security International from a sell rating to a strong sell rating in a research note on Friday, August 18th. ValuEngine upgraded shares of VASCO Data Security International from a sell rating to a hold rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $16.33.
VASCO Data Security International (VDSI) traded down $0.25 on Thursday, hitting $13.45. 154,461 shares of the company were exchanged, compared to its average volume of 201,261. VASCO Data Security International has a 52 week low of $11.05 and a 52 week high of $15.95. The stock has a market cap of $540.29, a PE ratio of 32.02, a price-to-earnings-growth ratio of 3.84 and a beta of 1.27.
VASCO Data Security International (NASDAQ:VDSI) last released its earnings results on Thursday, October 26th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. VASCO Data Security International had a net margin of 4.53% and a return on equity of 6.25%. The company had revenue of $51.10 million for the quarter, compared to analysts’ expectations of $48.17 million. During the same quarter in the previous year, the company earned $0.09 EPS. VASCO Data Security International’s revenue for the quarter was up 17.2% on a year-over-year basis. equities research analysts predict that VASCO Data Security International will post 0.35 EPS for the current fiscal year.
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In other VASCO Data Security International news, Director T Kendall Hunt sold 6,150 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $13.05, for a total value of $80,257.50. Following the sale, the director now owns 7,525,769 shares in the company, valued at approximately $98,211,285.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 254,550 shares of company stock worth $3,104,011. Corporate insiders own 25.44% of the company’s stock.
A number of hedge funds have recently made changes to their positions in VDSI. ETF Managers Group LLC purchased a new stake in VASCO Data Security International in the 2nd quarter worth $25,306,000. Archon Capital Management LLC purchased a new stake in VASCO Data Security International in the 2nd quarter worth $3,657,000. Dimensional Fund Advisors LP lifted its stake in VASCO Data Security International by 39.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 760,604 shares of the technology company’s stock worth $10,914,000 after purchasing an additional 214,760 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in VASCO Data Security International in the 2nd quarter worth $1,128,000. Finally, Vanguard Group Inc. lifted its stake in VASCO Data Security International by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,666,236 shares of the technology company’s stock worth $23,912,000 after purchasing an additional 72,648 shares in the last quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.
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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