Shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) traded down 6.3% on Monday following insider selling activity. The stock traded as low as $11.05 and last traded at $11.75. 257,788 shares were traded during mid-day trading, an increase of 16% from the average session volume of 222,509 shares. The stock had previously closed at $11.05.

Specifically, CEO T Kendall Hunt sold 5,758 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $14.33, for a total transaction of $82,512.14. Following the completion of the transaction, the chief executive officer now owns 7,619,432 shares of the company’s stock, valued at approximately $109,186,460.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 220,365 shares of company stock valued at $2,890,817 over the last ninety days. Insiders own 25.88% of the company’s stock.

A number of equities analysts have recently commented on VDSI shares. ValuEngine raised VASCO Data Security International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut VASCO Data Security International from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Imperial Capital started coverage on VASCO Data Security International in a report on Monday, June 26th. They set an “outperform” rating and a $16.00 price target for the company. Finally, BidaskClub cut VASCO Data Security International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.

The stock has a market capitalization of $455.68 million, a price-to-earnings ratio of 73.87 and a beta of 1.40. The stock has a 50-day moving average price of $12.41 and a 200 day moving average price of $13.34.

VASCO Data Security International (NASDAQ:VDSI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. VASCO Data Security International had a net margin of 3.45% and a return on equity of 6.06%. The firm had revenue of $45.70 million during the quarter, compared to the consensus estimate of $42.87 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts forecast that VASCO Data Security International, Inc. will post $0.07 earnings per share for the current year.

Several large investors have recently made changes to their positions in VDSI. Municipal Employees Retirement System of Michigan lifted its holdings in shares of VASCO Data Security International by 6.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,110 shares of the technology company’s stock valued at $102,000 after acquiring an additional 410 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of VASCO Data Security International by 56.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock valued at $131,000 after acquiring an additional 3,297 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of VASCO Data Security International by 14.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,332 shares during the last quarter. OppenheimerFunds Inc. bought a new position in shares of VASCO Data Security International in the 1st quarter valued at about $158,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of VASCO Data Security International in the 2nd quarter valued at about $160,000. 51.61% of the stock is owned by hedge funds and other institutional investors.

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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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