VASCO Data Security International, Inc. (NASDAQ:VDSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $14.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.00% from the stock’s previous close.

According to Zacks, “VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses. Its solutions secure access to data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their Web-based and mobile applications. It offers VACMAN Controller, a host system software authentication platform that combines various technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; eSignLive electronic signature and document management solution; and IDENTIKEY Risk Manager, a risk analysis solution that provides an approach to fraud prevention. “

Several other equities analysts have also recently weighed in on the company. ValuEngine raised VASCO Data Security International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut VASCO Data Security International from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Imperial Capital initiated 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. One equities research 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 an average target price of $16.00.

VASCO Data Security International (NASDAQ:VDSI) traded up 1.63% on Thursday, reaching $12.50. The company’s stock had a trading volume of 181,542 shares. The company has a market cap of $497.46 million, a P/E ratio of 80.65 and a beta of 1.40. The company has a 50-day moving average price of $12.02 and a 200 day moving average price of $13.23. VASCO Data Security International has a 12 month low of $11.05 and a 12 month high of $18.53.

VASCO Data Security International (NASDAQ:VDSI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $45.70 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities research analysts anticipate that VASCO Data Security International will post $0.07 EPS for the current fiscal year.

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In other news, Director T Kendall Hunt sold 5,809 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $11.53, for a total transaction of $66,977.77. Following the completion of the transaction, the director now owns 7,377,199 shares of the company’s stock, valued at approximately $85,059,104.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 247,350 shares of company stock valued at $3,130,839 in the last three months. 25.44% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. ETF Managers Group LLC acquired a new position in shares of VASCO Data Security International during the 2nd quarter worth $25,306,000. Vanguard Group Inc. raised its holdings in shares of VASCO Data Security International by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,666,236 shares of the technology company’s stock worth $23,912,000 after buying an additional 72,648 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of VASCO Data Security International during the 1st quarter worth $12,265,000. Dimensional Fund Advisors LP raised its holdings in shares of VASCO Data Security International by 39.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 760,604 shares of the technology company’s stock worth $10,914,000 after buying an additional 214,760 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of VASCO Data Security International by 0.8% during the 2nd quarter. State Street Corp now owns 714,963 shares of the technology company’s stock worth $10,259,000 after buying an additional 6,017 shares in the last quarter. 51.61% of the stock is owned by institutional investors.

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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