Vasco Data Security International Inc. (VDSI) Downgraded to “Neutral” at Dougherty & Co
Vasco Data Security International Inc. (NASDAQ:VDSI) was downgraded by stock analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports.
Several other brokerages also recently commented on VDSI. Zacks Investment Research downgraded Vasco Data Security International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Sidoti started coverage on Vasco Data Security International in a research note on Thursday, June 23rd. They issued a “buy” rating and a $24.00 price target on the stock.
Vasco Data Security International (NASDAQ:VDSI) opened at 17.94 on Wednesday. Vasco Data Security International has a 52-week low of $12.35 and a 52-week high of $21.35. The firm has a market cap of $712.38 million, a PE ratio of 36.10 and a beta of 2.46. The company’s 50 day moving average price is $18.28 and its 200 day moving average price is $17.21.
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Vasco Data Security International (NASDAQ:VDSI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.07. The business had revenue of $54.30 million for the quarter, compared to the consensus estimate of $52.30 million. Vasco Data Security International had a return on equity of 13.08% and a net margin of 9.29%. The firm’s revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Analysts predict that Vasco Data Security International will post $0.26 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its stake in Vasco Data Security International by 42.8% in the second quarter. Quantbot Technologies LP now owns 9,423 shares of the company’s stock valued at $154,000 after buying an additional 2,824 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Vasco Data Security International by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,517 shares of the company’s stock valued at $156,000 after buying an additional 4,657 shares in the last quarter. Bank of Montreal Can purchased a new stake in Vasco Data Security International during the second quarter valued at about $171,000. Clinton Group Inc. increased its stake in Vasco Data Security International by 7.0% in the second quarter. Clinton Group Inc. now owns 12,329 shares of the company’s stock valued at $202,000 after buying an additional 805 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in Vasco Data Security International during the second quarter valued at about $220,000. 51.08% of the stock is currently owned by hedge funds and other institutional investors.
Vasco Data Security International Company Profile
VASCO Data Security International, Inc (VASCO) is an information technology (IT) security company that designs, develops and markets security solutions that secure and manage access to digital assets, protect and facilitate transactions online, via mobile devices, and in-person. The Company’s primary product and service lines include Host System products, which are typically a component of an organization’s IT infrastructure and Client Authenticators, which are devices used by end users for authentication.
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