Zacks Investment Research Downgrades VASCO Data Security International, Inc. (VDSI) to Hold

VASCO Data Security International, Inc. (NASDAQ:VDSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Several other equities research analysts have also recently issued reports on VDSI. Imperial Capital initiated coverage on VASCO Data Security International in a research note on Monday, June 26th. They issued an “outperform” rating and a $16.00 price target for the company. ValuEngine upgraded VASCO Data Security International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, BidaskClub cut VASCO Data Security International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.00.

Shares of VASCO Data Security International (VDSI) traded up 4.60% during mid-day trading on Wednesday, reaching $12.50. The company had a trading volume of 138,428 shares. The firm’s 50-day moving average is $12.06 and its 200 day moving average is $13.17. VASCO Data Security International has a 12 month low of $11.05 and a 12 month high of $18.20. The company has a market capitalization of $497.46 million, a price-to-earnings ratio of 80.65 and a beta of 1.40.

VASCO Data Security International (NASDAQ:VDSI) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $45.70 million during the quarter, compared to analysts’ expectations of $42.87 million. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. The business’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities research analysts predict that VASCO Data Security International will post $0.07 earnings per share for the current year.

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In related news, Director T Kendall Hunt sold 12,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.00, for a total value of $159,900.00. Following the completion of the sale, the director now directly owns 7,525,769 shares in the company, valued at $97,834,997. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 275,797 shares of company stock valued at $3,401,469. 25.44% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of VDSI. Wells Fargo & Company MN boosted its stake in shares of VASCO Data Security International by 27.0% in the first quarter. Wells Fargo & Company MN now owns 59,215 shares of the technology company’s stock valued at $799,000 after buying an additional 12,595 shares during the period. Great West Life Assurance Co. Can raised its position in VASCO Data Security International by 9.6% during the first quarter. Great West Life Assurance Co. Can now owns 43,592 shares of the technology company’s stock valued at $587,000 after purchasing an additional 3,802 shares in the last quarter. Comerica Bank raised its position in VASCO Data Security International by 3.8% during the first quarter. Comerica Bank now owns 33,299 shares of the technology company’s stock valued at $453,000 after purchasing an additional 1,228 shares in the last quarter. State of Tennessee Treasury Department raised its position in VASCO Data Security International by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 27,139 shares of the technology company’s stock valued at $366,000 after purchasing an additional 4,096 shares in the last quarter. Finally, Arizona State Retirement System raised its position in VASCO Data Security International by 1.3% during the first quarter. Arizona State Retirement System now owns 15,674 shares of the technology company’s stock valued at $212,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.

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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