Zacks Investment Research Upgrades VASCO Data Security International, Inc. (VDSI) to Buy
VASCO Data Security International, Inc. (NASDAQ:VDSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm presently has a $14.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 15.23% from the stock’s current price.
According to Zacks, “Vasco Data Security International Inc. design, develop, market and support security products and services which manage and secure access to computer systems of corporate and government customers. Additionally, the company enables secure financial transactions made over private enterprise networks and public networks, such as the Internet. The company’s software and hardware products provide organizations with strong, flexible and effective Internet and enterprise security solutions and they compete favorably against those of the competitors. “
Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of VASCO Data Security International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine raised shares of VASCO Data Security International from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Imperial Capital initiated coverage on shares of VASCO Data Security International in a research report on Monday, June 26th. They issued an “outperform” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.00.
Shares of VASCO Data Security International (VDSI) opened at 12.15 on Friday. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $13.56. VASCO Data Security International has a 52 week low of $11.85 and a 52 week high of $19.19. The stock has a market capitalization of $483.53 million, a P/E ratio of 78.39 and a beta of 1.38.
VASCO Data Security International (NASDAQ:VDSI) last announced its earnings results on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $45.70 million for the quarter, compared to the consensus estimate of $42.87 million. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. The company’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts forecast that VASCO Data Security International will post $0.07 earnings per share for the current fiscal year.
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In other VASCO Data Security International news, Director T Kendall Hunt sold 8,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.07, for a total transaction of $98,974.00. Following the completion of the transaction, the director now owns 7,474,519 shares of the company’s stock, valued at $90,217,444.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 233,050 shares of company stock valued at $3,121,159 in the last ninety days. Insiders own 25.88% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new stake in shares of VASCO Data Security International during the second quarter valued at about $25,306,000. Vanguard Group Inc. boosted its position in shares of VASCO Data Security International by 4.6% in the second quarter. Vanguard Group Inc. now owns 1,666,236 shares of the technology company’s stock valued at $23,912,000 after buying an additional 72,648 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of VASCO Data Security International by 12.9% in the first quarter. Penserra Capital Management LLC now owns 1,448,611 shares of the technology company’s stock valued at $19,556,000 after buying an additional 165,327 shares in the last quarter. Elk Creek Partners LLC boosted its position in shares of VASCO Data Security International by 11.5% in the first quarter. Elk Creek Partners LLC now owns 1,406,794 shares of the technology company’s stock valued at $18,992,000 after buying an additional 145,244 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of VASCO Data Security International during the first quarter valued at $12,265,000. Hedge funds and other institutional investors own 47.85% 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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