VASCO Data Security International (VDSI) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of VASCO Data Security International (NASDAQ:VDSI) from a hold rating to a buy rating in a research report report published on Friday. Zacks Investment Research currently has $14.00 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 equities research analysts have also recently issued reports on VDSI. ValuEngine cut shares of VASCO Data Security International from a hold rating to a sell rating in a research report on Wednesday, March 7th. TheStreet cut shares of VASCO Data Security International from a c rating to a d+ rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $16.00.

Shares of VASCO Data Security International stock opened at $13.45 on Friday. The stock has a market cap of $520.08, a P/E ratio of 31.28, a PEG ratio of 2.88 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 announced its earnings results on Wednesday, February 21st. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $50.27 million. VASCO Data Security International had a negative net margin of 11.59% and a positive return on equity of 6.12%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. analysts expect that VASCO Data Security International will post 0.45 earnings per share for the current fiscal year.

In other VASCO Data Security International news, Director T Kendall Hunt sold 14,500 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $12.94, for a total transaction of $187,630.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 176,705 shares of company stock worth $2,379,091. Insiders own 25.44% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan grew its holdings in VASCO Data Security International by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,310 shares of the technology company’s stock worth $136,000 after acquiring an additional 4,200 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in VASCO Data Security International by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 131,235 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 5,954 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in VASCO Data Security International by 69.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,440 shares of the technology company’s stock worth $186,000 after acquiring an additional 6,313 shares during the last quarter. New York State Common Retirement Fund grew its holdings in VASCO Data Security International by 9.5% during the 3rd quarter. New York State Common Retirement Fund now owns 76,702 shares of the technology company’s stock worth $924,000 after acquiring an additional 6,668 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in VASCO Data Security International by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 384,539 shares of the technology company’s stock worth $5,345,000 after acquiring an additional 8,185 shares during the last quarter. 53.46% of the stock is currently owned by hedge funds and other institutional investors.

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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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