VASCO Data Security International, Inc. (NASDAQ:VDSI) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of VASCO Data Security International from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Saturday, August 26th. Imperial Capital initiated coverage on shares of VASCO Data Security International in a report on Monday, June 26th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, BidaskClub downgraded shares of VASCO Data Security International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.00.

Shares of VASCO Data Security International (NASDAQ VDSI) traded up 0.80% during mid-day trading on Friday, reaching $12.65. 134,593 shares of the company were exchanged. VASCO Data Security International has a 12 month low of $11.85 and a 12 month high of $19.19. The firm’s 50-day moving average is $13.06 and its 200-day moving average is $13.46. The company has a market capitalization of $503.43 million, a price-to-earnings ratio of 81.61 and a beta of 1.38.

VASCO Data Security International (NASDAQ:VDSI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $45.70 million for the quarter, compared to the consensus estimate of $42.87 million. VASCO Data Security International had a net margin of 3.45% and a return on equity of 6.06%. VASCO Data Security International’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. On average, equities 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 news, Director T Kendall Hunt sold 10,750 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $12.15, for a total transaction of $130,612.50. Following the transaction, the director now owns 7,468,369 shares in the company, valued at approximately $90,740,683.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 234,600 shares of company stock worth $3,139,836 in the last 90 days. 25.88% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its position in VASCO Data Security International by 6.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,110 shares of the technology company’s stock worth $102,000 after buying an additional 410 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in VASCO Data Security International by 56.6% in the second quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock worth $131,000 after buying an additional 3,297 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in VASCO Data Security International during the first quarter worth about $136,000. Tiedemann Wealth Management LLC raised its position in VASCO Data Security International by 6.5% in the first quarter. Tiedemann Wealth Management LLC now owns 10,725 shares of the technology company’s stock worth $145,000 after buying an additional 650 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in VASCO Data Security International by 14.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock worth $146,000 after buying an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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