VASCO Data Security International, Inc. (VDSI) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) from a buy rating to a hold rating in a research note published on Wednesday, October 18th.

According to Zacks, “VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses. Its solutions secure access to data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their Web-based and mobile applications. It offers VACMAN Controller, a host system software authentication platform that combines various technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; eSignLive electronic signature and document management solution; and IDENTIKEY Risk Manager, a risk analysis solution that provides an approach to fraud prevention. “

A number of other equities analysts also recently weighed in on VDSI. BidaskClub downgraded shares of VASCO Data Security International from a sell rating to a strong sell rating in a research note on Friday, August 18th. ValuEngine raised shares of VASCO Data Security International from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, Imperial Capital began coverage on shares of VASCO Data Security International in a research report on Monday, June 26th. They set an outperform rating and a $16.00 target price on the stock. One investment 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. VASCO Data Security International presently has an average rating of Hold and a consensus price target of $16.33.

Shares of VASCO Data Security International (NASDAQ VDSI) remained flat at $$13.45 during trading hours on Wednesday. 92,817 shares of the company’s stock traded hands, compared to its average volume of 198,782. The company has a market cap of $540.29, a price-to-earnings ratio of 32.02, a P/E/G ratio of 3.84 and a beta of 1.27. VASCO Data Security International has a 52 week low of $11.05 and a 52 week high of $15.95.

VASCO Data Security International (NASDAQ:VDSI) last released its earnings results on Thursday, October 26th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. VASCO Data Security International had a return on equity of 6.25% and a net margin of 4.53%. The company had revenue of $51.10 million during the quarter, compared to analyst estimates of $48.17 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. research analysts forecast that VASCO Data Security International will post 0.35 EPS for the current year.

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In related news, Director T Kendall Hunt sold 20,993 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $12.04, for a total value of $252,755.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 254,550 shares of company stock valued at $3,104,011. 25.44% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of VASCO Data Security International by 6.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,110 shares of the technology company’s stock worth $102,000 after buying an additional 410 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of VASCO Data Security International by 56.6% in the second quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock valued at $131,000 after purchasing an additional 3,297 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of VASCO Data Security International by 14.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,332 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in VASCO Data Security International during the 2nd quarter worth $160,000. Finally, OppenheimerFunds Inc. acquired a new stake in VASCO Data Security International during the 1st quarter worth $158,000. 51.57% of the stock is owned by institutional investors.

About VASCO Data Security International

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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