Zacks Investment Research upgraded shares of VASCO Data Security International (NASDAQ:VDSI) from a hold rating to a buy rating in a report released on Thursday, March 15th. They currently have $15.00 price objective 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. “
A number of other analysts have also weighed in on VDSI. TheStreet lowered shares of VASCO Data Security International from a c rating to a d+ rating in a research note on Thursday, February 22nd. ValuEngine lowered shares of VASCO Data Security International from a hold rating to a sell rating in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $16.00.
Shares of VDSI traded down $0.05 during trading hours on Thursday, reaching $12.80. 97,718 shares of the company traded hands, compared to its average volume of 178,044. The firm has a market capitalization of $516.07, a P/E ratio of 29.77, a P/E/G ratio of 2.86 and a beta of 1.34. VASCO Data Security International has a 12-month low of $11.05 and a 12-month high of $15.00.
VASCO Data Security International (NASDAQ:VDSI) last issued its earnings results on Wednesday, February 21st. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. VASCO Data Security International had a negative net margin of 11.59% and a positive return on equity of 6.12%. The firm had revenue of $54.51 million during the quarter, compared to analyst estimates of $50.27 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. equities analysts forecast that VASCO Data Security International will post 0.45 EPS for the current year.
In other VASCO Data Security International news, Director T Kendall Hunt sold 36,917 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $14.37, for a total transaction of $530,497.29. Following the completion of the sale, the director now directly owns 6,999,620 shares of the company’s stock, valued at $100,584,539.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 205,765 shares of company stock valued at $2,858,186. Insiders own 25.44% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners acquired a new position in shares of VASCO Data Security International during the fourth quarter valued at about $6,922,000. Elk Creek Partners LLC increased its holdings in shares of VASCO Data Security International by 3.5% during the third quarter. Elk Creek Partners LLC now owns 1,320,536 shares of the technology company’s stock valued at $15,912,000 after acquiring an additional 44,167 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of VASCO Data Security International by 168.5% during the third quarter. Citadel Advisors LLC now owns 265,454 shares of the technology company’s stock valued at $3,199,000 after acquiring an additional 166,577 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of VASCO Data Security International by 5.0% during the third quarter. Neuberger Berman Group LLC now owns 911,796 shares of the technology company’s stock valued at $10,987,000 after acquiring an additional 43,589 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of VASCO Data Security International during the third quarter valued at about $318,000. Hedge funds and other institutional investors own 53.43% 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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