VASCO Data Security International (VDSI) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of VASCO Data Security International (NASDAQ:VDSI) from a buy rating to a hold rating in a report published on Saturday.

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. “

VASCO Data Security International (NASDAQ VDSI) traded down $0.05 on Friday, reaching $14.25. The company’s stock had a trading volume of 105,503 shares, compared to its average volume of 205,543. The firm has a market capitalization of $572.42, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 3.61 and a beta of 1.26. VASCO Data Security International has a 52 week low of $11.05 and a 52 week high of $15.77.

VASCO Data Security International (NASDAQ:VDSI) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $51.10 million for the quarter, compared to analyst estimates of $48.17 million. VASCO Data Security International had a return on equity of 6.25% and a net margin of 4.53%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. research analysts expect that VASCO Data Security International will post 0.39 EPS for the current year.

In other VASCO Data Security International news, Director T Kendall Hunt sold 31,392 shares of VASCO Data Security International stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $14.23, for a total value of $446,708.16. Following the transaction, the director now directly owns 7,069,183 shares in the company, valued at approximately $100,594,474.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 226,450 shares of company stock worth $2,991,566. 25.44% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. ETF Managers Group LLC purchased a new position in shares of VASCO Data Security International in the 2nd quarter valued at approximately $25,306,000. Vanguard Group Inc. grew its stake in shares of 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 valued at $23,912,000 after purchasing an additional 72,648 shares during the last quarter. Elk Creek Partners LLC grew its stake in shares of VASCO Data Security International by 3.5% in the 3rd quarter. Elk Creek Partners LLC now owns 1,320,536 shares of the technology company’s stock valued at $15,912,000 after purchasing an additional 44,167 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of VASCO Data Security International by 32.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,007,189 shares of the technology company’s stock valued at $12,136,000 after purchasing an additional 246,585 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of VASCO Data Security International by 5.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 911,796 shares of the technology company’s stock valued at $10,987,000 after purchasing an additional 43,589 shares during the last quarter. Institutional investors own 52.06% of the company’s stock.

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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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