VASCO Data Security International, Inc. (NASDAQ:VDSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $15.00 price target on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 10.29% from the stock’s current price.

According to Zacks, “VASCO Data Security International, Inc. is a global leader in trusted security with two-factor authentication, transaction data signing, document e-signature and identity management solutions designed for all businesses and government agencies. VASCO also secures access to data and applications in the cloud and provides a robust toolset for application developers to easily integrate security functions into their web-based and mobile applications. “

VDSI has been the subject of a number of other research reports. BidaskClub cut VASCO Data Security International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine raised VASCO Data Security International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. VASCO Data Security International has an average rating of “Hold” and an average price target of $16.33.

VASCO Data Security International (NASDAQ:VDSI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. VASCO Data Security International had a return on equity of 6.25% and a net margin of 4.53%. The business had revenue of $51.10 million during the quarter, compared to analysts’ expectations of $48.17 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year.

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In other VASCO Data Security International news, Director T Kendall Hunt sold 11,560 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $11.30, for a total transaction of $130,628.00. Following the completion of the transaction, the director now owns 7,394,539 shares of the company’s stock, valued at $83,558,290.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 254,550 shares of company stock valued at $3,104,011 in the last three months. Insiders own 25.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC acquired a new position in shares of VASCO Data Security International during the second quarter valued at approximately $25,306,000. Vanguard Group Inc. increased its holdings in shares of VASCO Data Security International by 4.6% in the second quarter. Vanguard Group Inc. now owns 1,666,236 shares of the technology company’s stock valued at $23,912,000 after purchasing an additional 72,648 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of VASCO Data Security International by 39.3% in the second quarter. Dimensional Fund Advisors LP now owns 760,604 shares of the technology company’s stock valued at $10,914,000 after purchasing an additional 214,760 shares during the last quarter. State Street Corp increased its holdings in shares of VASCO Data Security International by 0.8% in the second quarter. State Street Corp now owns 714,963 shares of the technology company’s stock valued at $10,259,000 after purchasing an additional 6,017 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of VASCO Data Security International by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 526,933 shares of the technology company’s stock valued at $7,561,000 after purchasing an additional 5,140 shares during the last quarter. 51.48% of the stock is owned by institutional investors and hedge funds.

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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