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Topeka Capital Markets raised their price target on shares of VASCO Data Security International (NASDAQ:VDSI) from $17.00 to $21.00 in a research note issued on Friday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price objective points to a potential upside of 34.44% from the company’s current price.

Shares of VASCO Data Security International (NASDAQ:VDSI) traded up 2.82% during mid-day trading on Friday, hitting $16.06. 260,159 shares of the company’s stock traded hands. VASCO Data Security International has a one year low of $6.47 and a one year high of $16.08. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $10.85. The company has a market cap of $632.1 million and a P/E ratio of 36.67.

VASCO Data Security International (NASDAQ:VDSI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.08. The company had revenue of $47.70 million for the quarter, compared to the consensus estimate of $42.30 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 27.9% on a year-over-year basis.

Separately, analysts at Zacks upgraded shares of VASCO Data Security International from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $14.20 price target on the stock.

VASCO Data Security International, Inc (NASDAQ:VDSI), through its operating subsidiaries, design, develop, market and support hardware and software security systems that manage and secure access to information assets.

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