VASCO Data Security International, Inc. (NASDAQ:VDSI) Raised to Buy at Zacks Investment Research

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 firm presently has a $15.00 price target on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.11% from the stock’s current price.

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 brokerages have also issued reports on VDSI. BidaskClub lowered shares of VASCO Data Security International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine raised shares of VASCO Data Security International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. VASCO Data Security International presently has an average rating of “Hold” and an average target price of $16.33.

VASCO Data Security International (NASDAQ:VDSI) traded up $0.25 on Thursday, hitting $13.50. 154,870 shares of the stock were exchanged, compared to its average volume of 204,385. The stock has a market capitalization of $522.21, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.38 and a beta of 1.27. VASCO Data Security International has a 12 month low of $11.05 and a 12 month high of $15.95.

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

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In related news, Director T Kendall Hunt sold 35,208 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $12.56, for a total value of $442,212.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 245,638 shares of company stock valued at $3,020,171 in the last ninety days. Corporate insiders own 25.44% of the company’s stock.

A number of institutional investors have recently modified their holdings of VDSI. ETF Managers Group LLC bought a new stake in VASCO Data Security International in the second quarter worth about $25,306,000. Archon Capital Management LLC raised its position in VASCO Data Security International by 109.4% in the third quarter. Archon Capital Management LLC now owns 533,660 shares of the technology company’s stock worth $6,431,000 after acquiring an additional 278,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in VASCO Data Security International by 32.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,007,189 shares of the technology company’s stock worth $12,136,000 after buying an additional 246,585 shares during the period. Citadel Advisors LLC raised its holdings in VASCO Data Security International by 168.5% during the 3rd quarter. Citadel Advisors LLC now owns 265,454 shares of the technology company’s stock worth $3,199,000 after buying an additional 166,577 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in VASCO Data Security International by 52.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 310,779 shares of the technology company’s stock worth $3,589,000 after buying an additional 106,648 shares during the period. Hedge funds and other institutional investors own 53.72% of the company’s stock.

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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