VASCO Data Security International, Inc. (VDSI) Upgraded by Zacks Investment Research to Buy

VASCO Data Security International, Inc. (NASDAQ:VDSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, November 2nd. The brokerage presently has a $15.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.21% from the stock’s previous close.

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 recently commented on VDSI. BidaskClub cut shares of VASCO Data Security International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. ValuEngine upgraded shares of VASCO Data Security International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.33.

VASCO Data Security International (NASDAQ VDSI) traded down $0.05 during midday trading on Thursday, reaching $13.25. 118,100 shares of the company’s stock were exchanged, compared to its average volume of 206,471. The stock has a market cap of $532.25, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 3.45 and a beta of 1.27. VASCO Data Security International has a 1-year low of $11.05 and a 1-year high of $15.95.

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

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In other news, Director T Kendall Hunt sold 35,208 shares of VASCO Data Security International stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $12.56, for a total transaction of $442,212.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 205,350 shares of company stock valued at $2,477,142. Insiders own 25.44% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in VDSI. Wells Fargo & Company MN grew its holdings in shares of VASCO Data Security International by 27.0% during the first quarter. Wells Fargo & Company MN now owns 59,215 shares of the technology company’s stock worth $799,000 after buying an additional 12,595 shares in the last quarter. Arizona State Retirement System boosted its position in shares of VASCO Data Security International by 1.3% during the 1st quarter. Arizona State Retirement System now owns 15,674 shares of the technology company’s stock valued at $212,000 after acquiring an additional 200 shares during the last quarter. OppenheimerFunds Inc. acquired a new position in shares of VASCO Data Security International during the 1st quarter valued at about $158,000. Principal Financial Group Inc. boosted its position in shares of VASCO Data Security International by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 229,146 shares of the technology company’s stock valued at $3,093,000 after acquiring an additional 8,055 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of VASCO Data Security International by 5.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 17,010 shares of the technology company’s stock valued at $230,000 after acquiring an additional 900 shares during the last quarter. 51.28% of the stock is owned by institutional investors and hedge funds.

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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