Zacks Investment Research cut shares of VASCO Data Security International (NASDAQ:VDSI) from a buy rating to a hold rating in a research note published on Friday, March 16th.
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. “
Several other analysts have also recently commented on VDSI. TheStreet cut VASCO Data Security International from a c rating to a d+ rating in a report on Thursday, February 22nd. ValuEngine cut VASCO Data Security International from a hold rating to a sell rating in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $16.00.
VASCO Data Security International stock traded down $0.05 during midday trading on Friday, reaching $12.80. 97,718 shares of the company were exchanged, compared to its average volume of 178,044. The stock has a market cap of $516.07, a PE ratio of 29.77, a P/E/G ratio of 2.86 and a beta of 1.34. VASCO Data Security International has a 1 year low of $11.05 and a 1 year high of $15.00.
VASCO Data Security International (NASDAQ:VDSI) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $54.51 million during the quarter, compared to analysts’ expectations 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 firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. equities research analysts predict that VASCO Data Security International will post 0.45 EPS for the current fiscal year.
In other VASCO Data Security International news, Director T Kendall Hunt sold 36,917 shares of VASCO Data Security International stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 205,765 shares of company stock valued at $2,858,186 in the last 90 days. 25.44% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of VASCO Data Security International by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,310 shares of the technology company’s stock valued at $136,000 after purchasing an additional 4,200 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of VASCO Data Security International in the 3rd quarter valued at about $144,000. Teacher Retirement System of Texas acquired a new position in shares of VASCO Data Security International in the 4th quarter valued at about $145,000. BNP Paribas Arbitrage SA lifted its stake in shares of VASCO Data Security International by 69.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,440 shares of the technology company’s stock valued at $186,000 after purchasing an additional 6,313 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of VASCO Data Security International in the 4th quarter valued at about $196,000. 53.43% of the stock is currently owned by institutional investors and hedge funds.
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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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