Zacks Investment Research cut shares of VASCO Data Security International (NASDAQ:VDSI) from a buy rating to a hold rating in a report released on Friday morning.
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 equities research analysts have also issued reports about the company. ValuEngine lowered VASCO Data Security International from a hold rating to a sell rating in a research report on Wednesday, March 7th. TheStreet cut VASCO Data Security International from a c rating to a d+ rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $16.00.
Shares of VDSI stock traded down $0.05 during trading hours on Friday, reaching $12.80. The company’s stock had a trading volume of 97,718 shares, compared to its average volume of 178,044. The firm has a market cap of $516.07, a P/E ratio of 32.13, a P/E/G ratio of 2.86 and a beta of 1.34. VASCO Data Security International has a one year low of $11.05 and a one year high of $15.00.
VASCO Data Security International (NASDAQ:VDSI) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. The firm had revenue of $54.51 million for the quarter, compared to analyst estimates of $50.27 million. VASCO Data Security International had a positive return on equity of 6.12% and a negative net margin of 11.59%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. research analysts forecast that VASCO Data Security International will post 0.45 EPS for the current fiscal year.
In other news, Director T Kendall Hunt sold 36,917 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $14.37, for a total value of $530,497.29. Following the completion of the transaction, the director now owns 6,999,620 shares in the company, valued at approximately $100,584,539.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 205,765 shares of company stock valued at $2,858,186. 25.44% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VDSI. Boston Partners purchased a new position in shares of VASCO Data Security International in the 4th quarter valued at approximately $6,922,000. Dimensional Fund Advisors LP raised its stake in VASCO Data Security International by 32.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,007,189 shares of the technology company’s stock valued at $12,136,000 after buying an additional 246,585 shares during the last quarter. Algert Global LLC purchased a new position in VASCO Data Security International during the fourth quarter valued at $2,356,000. BlackRock Inc. raised its stake in VASCO Data Security International by 4.5% during the fourth quarter. BlackRock Inc. now owns 3,896,183 shares of the technology company’s stock valued at $54,157,000 after buying an additional 169,039 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in VASCO Data Security International by 63.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 325,942 shares of the technology company’s stock valued at $4,531,000 after buying an additional 125,942 shares during the last quarter. Institutional investors own 53.43% of the company’s stock.
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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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