VASCO Data Security International, Inc. (NASDAQ:VDSI) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) from a buy rating to a hold rating in a report issued on Wednesday, October 18th.

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. “

Several other equities research analysts have also recently commented on VDSI. Imperial Capital started coverage on VASCO Data Security International in a research note on Monday, June 26th. They issued an outperform rating and a $16.00 target price for the company. ValuEngine raised VASCO Data Security International from a sell rating to a hold rating in a research note on Tuesday, June 27th. Finally, BidaskClub cut VASCO Data Security International from a hold rating to a sell rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $16.00.

Shares of VASCO Data Security International (NASDAQ VDSI) traded up 9.298% on Wednesday, reaching $13.225. The company’s stock had a trading volume of 102,133 shares. The stock has a 50-day moving average of $12.05 and a 200 day moving average of $13.16. 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 capitalization of $526.32 million, a price-to-earnings ratio of 85.323 and a beta of 1.40.

VASCO Data Security International (NASDAQ:VDSI) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. The firm had revenue of $51.10 million during the quarter, compared to analysts’ expectations of $48.17 million. During the same period last year, the firm posted $0.09 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect that VASCO Data Security International will post $0.07 EPS for the current year.

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In other news, Director T Kendall Hunt sold 20,993 shares of VASCO Data Security International stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $12.04, for a total value of $252,755.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 254,550 shares of company stock valued at $3,104,011 over the last three months. Insiders own 25.44% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of VASCO Data Security International by 21.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 200,000 shares of the technology company’s stock worth $2,410,000 after purchasing an additional 35,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of VASCO Data Security International by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,557 shares of the technology company’s stock worth $353,000 after purchasing an additional 64 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of VASCO Data Security International by 14.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,332 shares during the last quarter. State Street Corp boosted its position in shares of VASCO Data Security International by 0.8% in the 2nd quarter. State Street Corp now owns 714,963 shares of the technology company’s stock worth $10,259,000 after purchasing an additional 6,017 shares during the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of VASCO Data Security International in the 2nd quarter worth $25,306,000. Institutional investors and hedge funds own 51.70% of the company’s stock.

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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