Zacks Investment Research upgraded shares of VASCO Data Security International (NASDAQ:VDSI) from a hold rating to a buy rating in a research report released on Wednesday morning. They currently have $15.00 target price 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. “

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VDSI has been the subject of a number of other reports. TheStreet downgraded shares of VASCO Data Security International from a c rating to a d+ rating in a research report on Thursday, February 22nd. ValuEngine downgraded shares of VASCO Data Security International from a hold rating to a sell rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $16.33.

Shares of VDSI stock opened at $13.35 on Wednesday. The firm has a market cap of $532.13, a price-to-earnings ratio of 33.13, a PEG ratio of 2.94 and a beta of 1.41. VASCO Data Security International has a 1-year low of $11.05 and a 1-year high of $15.00.

VASCO Data Security International (NASDAQ:VDSI) last posted its earnings results on Wednesday, February 21st. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $54.51 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. analysts anticipate that VASCO Data Security International will post 0.45 EPS for the current fiscal year.

In related news, Director T Kendall Hunt sold 36,917 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $14.37, for a total transaction of $530,497.29. Following the completion of the transaction, the director now directly owns 6,999,620 shares in the company, valued at $100,584,539.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 205,765 shares of company stock valued at $2,858,186 over the last 90 days. 25.44% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas acquired a new position in shares of VASCO Data Security International in the fourth quarter worth about $145,000. Municipal Employees Retirement System of Michigan raised its position in shares of 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 worth $136,000 after acquiring an additional 4,200 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of VASCO Data Security International in the third quarter worth about $144,000. Acadian Asset Management LLC acquired a new position in shares of VASCO Data Security International in the fourth quarter worth about $196,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of VASCO Data Security International in the fourth quarter worth about $209,000. Institutional investors and hedge funds own 53.43% of the company’s stock.

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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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