According to Zacks, “Vasco Data Security International Inc. design, develop, market and support security products and services which manage and secure access to computer systems of corporate and government customers. Additionally, the company enables secure financial transactions made over private enterprise networks and public networks, such as the Internet. The company’s software and hardware products provide organizations with strong, flexible and effective Internet and enterprise security solutions and they compete favorably against those of the competitors. “
A number of other equities research analysts also recently weighed in on the stock. Dougherty & Co decreased their price target on shares of Vasco Data Security International from $22.00 to $20.00 and set a buy rating on the stock in a research note on Friday, July 29th. Sidoti initiated coverage on shares of Vasco Data Security International in a research note on Thursday, June 23rd. They set a buy rating and a $24.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $24.75.
Shares of Vasco Data Security International (NASDAQ:VDSI) opened at 18.01 on Wednesday. The firm’s 50 day moving average is $18.30 and its 200-day moving average is $16.99. The firm has a market capitalization of $715.16 million, a PE ratio of 36.24 and a beta of 2.46. Vasco Data Security International has a one year low of $12.35 and a one year high of $21.35.
Vasco Data Security International (NASDAQ:VDSI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. Vasco Data Security International had a net margin of 9.29% and a return on equity of 13.08%. The firm had revenue of $54.30 million for the quarter, compared to the consensus estimate of $52.30 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year. On average, equities research analysts predict that Vasco Data Security International will post $0.26 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Quantbot Technologies LP increased its stake in shares of 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 shares of 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 shares of Vasco Data Security International during the second quarter valued at approximately $171,000. Clinton Group Inc. increased its stake in shares of 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 shares of Vasco Data Security International during the second quarter valued at approximately $220,000. Institutional investors own 51.07% of the company’s stock.
About Vasco Data Security International
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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