VASCO Data Security International (VDSI) Upgraded at BidaskClub

BidaskClub upgraded shares of VASCO Data Security International (NASDAQ:VDSI) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday, May 12th.

Several other equities analysts also recently issued reports on the stock. TheStreet downgraded shares of VASCO Data Security International from a c rating to a d+ rating in a report on Thursday, February 22nd. ValuEngine downgraded shares of VASCO Data Security International from a hold rating to a sell rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of VASCO Data Security International from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $17.00.

VASCO Data Security International opened at $19.95 on Friday, Marketbeat reports. The firm has a market capitalization of $808.26 million, a P/E ratio of 45.57, a PEG ratio of 4.41 and a beta of 1.32. VASCO Data Security International has a 1 year low of $11.05 and a 1 year high of $20.88.

VASCO Data Security International (NASDAQ:VDSI) last posted its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $45.40 million for the quarter, compared to analyst estimates of $43.49 million. VASCO Data Security International had a negative net margin of 10.76% and a positive return on equity of 6.71%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. equities analysts anticipate that VASCO Data Security International will post 0.46 earnings per share for the current fiscal year.

In other news, Director T Kendall Hunt sold 32,762 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $13.63, for a total value of $446,546.06. Following the completion of the transaction, the director now owns 6,901,047 shares in the company, valued at $94,061,270.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 144,302 shares of company stock valued at $1,929,406 in the last quarter. Corporate insiders own 22.48% of the company’s stock.

Several hedge funds have recently made changes to their positions in VDSI. BlackRock Inc. raised its position 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 worth $54,157,000 after acquiring an additional 169,039 shares in the last quarter. Elk Creek Partners LLC raised its position in VASCO Data Security International by 3.0% during the first quarter. Elk Creek Partners LLC now owns 1,396,293 shares of the technology company’s stock worth $18,082,000 after acquiring an additional 40,783 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of VASCO Data Security International by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,362,103 shares of the technology company’s stock valued at $17,639,000 after purchasing an additional 156,374 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of VASCO Data Security International by 9.0% in the first quarter. Neuberger Berman Group LLC now owns 897,098 shares of the technology company’s stock valued at $11,614,000 after purchasing an additional 74,445 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of VASCO Data Security International by 1,412.3% in the first quarter. Legal & General Group Plc now owns 829,330 shares of the technology company’s stock valued at $10,734,000 after purchasing an additional 774,491 shares during the last quarter. 55.12% of the stock is currently owned by institutional investors and hedge funds.

About VASCO Data Security International

VASCO Data Security International, Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers DIGIPASS software authenticators; DIGIPASS for Apps, a software development kit; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.

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