Zacks Investment Research lowered shares of VASCO Data Security International (NASDAQ:VDSI) from a buy rating to a hold rating in a research report sent to investors on Saturday.

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. “

Shares of VASCO Data Security International (NASDAQ:VDSI) opened at $14.35 on Friday. The stock has a market capitalization of $576.44, a price-to-earnings ratio of 68.33, a PEG ratio of 3.61 and a beta of 1.26. VASCO Data Security International has a 52-week low of $11.05 and a 52-week high of $15.77.

VASCO Data Security International (NASDAQ:VDSI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $51.10 million for the quarter, compared to analyst estimates of $48.17 million. VASCO Data Security International had a return on equity of 6.25% and a net margin of 4.53%. VASCO Data Security International’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. equities research analysts predict that VASCO Data Security International will post 0.39 EPS for the current fiscal year.

In other news, Director T Kendall Hunt sold 23,499 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $12.41, for a total transaction of $291,622.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 191,242 shares of company stock worth $2,549,354 over the last ninety days. 25.44% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of VDSI. BNP Paribas Arbitrage SA grew its holdings in shares of VASCO Data Security International by 56.6% during the second quarter. BNP Paribas Arbitrage SA now owns 9,127 shares of the technology company’s stock valued at $131,000 after buying an additional 3,297 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of VASCO Data Security International by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,310 shares of the technology company’s stock valued at $136,000 after buying an additional 4,200 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of VASCO Data Security International during the third quarter valued at $144,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of VASCO Data Security International by 14.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,459 shares of the technology company’s stock valued at $146,000 after buying an additional 1,332 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of VASCO Data Security International during the second quarter valued at $160,000. Institutional investors and hedge funds own 52.06% of the company’s stock.

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VASCO Data Security International Company Profile

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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