VASCO Data Security International (NASDAQ:VDSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

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. “

VASCO Data Security International (NASDAQ:VDSI) traded down $0.05 during midday trading on Friday, reaching $14.25. The company’s stock had a trading volume of 102,426 shares, compared to its average volume of 207,189. The firm has a market capitalization of $570.42, a price-to-earnings ratio of 67.86, a P/E/G ratio of 3.62 and a beta of 1.26. VASCO Data Security International has a one year low of $11.05 and a one year high of $15.77.

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

In other VASCO Data Security International news, Director T Kendall Hunt sold 23,499 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $12.41, for a total transaction of $291,622.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 226,450 shares of company stock worth $2,991,566 in the last three months. 25.44% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its position in 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 during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in 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 during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in VASCO Data Security International in the second quarter valued at $160,000. Municipal Employees Retirement System of Michigan raised its position in VASCO Data Security International by 59.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,310 shares of the technology company’s stock valued at $136,000 after purchasing an additional 4,200 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in VASCO Data Security International in the third quarter valued at $144,000. Institutional investors own 52.06% of the company’s stock.

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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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