Brokerages Set VASCO Data Security International, Inc. (VDSI) Target Price at $17.00

VASCO Data Security International, Inc. (NASDAQ:VDSI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.00.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of VASCO Data Security International from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine lowered shares of VASCO Data Security International from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, TheStreet lowered shares of VASCO Data Security International from a “c” rating to a “d+” rating in a research report on Thursday, February 22nd.

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In related news, Director T Kendall Hunt sold 20,754 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $13.46, for a total transaction of $279,348.84. Following the transaction, the director now directly owns 6,834,554 shares in the company, valued at $91,993,096.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 205,765 shares of company stock worth $2,858,186 over the last 90 days. 25.44% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in VASCO Data Security International by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 24,557 shares of the technology company’s stock worth $353,000 after acquiring an additional 64 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in 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 worth $136,000 after acquiring an additional 4,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in VASCO Data Security International by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 131,235 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 5,954 shares during the last quarter. State Street Corp boosted its position in VASCO Data Security International by 0.8% during the second quarter. State Street Corp now owns 714,963 shares of the technology company’s stock worth $10,259,000 after acquiring an additional 6,017 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in VASCO Data Security International by 69.2% during the third quarter. BNP Paribas Arbitrage SA now owns 15,440 shares of the technology company’s stock worth $186,000 after purchasing an additional 6,313 shares during the period. Hedge funds and other institutional investors own 53.43% of the company’s stock.

Shares of VDSI stock traded down $0.15 during midday trading on Wednesday, hitting $12.85. 182,655 shares of the stock traded hands, compared to its average volume of 203,976. VASCO Data Security International has a 1-year low of $11.05 and a 1-year high of $15.00. The firm has a market capitalization of $522.09, a price-to-earnings ratio of -22.54, a price-to-earnings-growth ratio of 2.89 and a beta of 1.41.

VASCO Data Security International (NASDAQ:VDSI) last announced its earnings results on Wednesday, February 21st. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. VASCO Data Security International had a negative net margin of 11.59% and a positive return on equity of 6.12%. The business had revenue of $54.51 million for the quarter, compared to analyst estimates of $50.27 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. analysts predict that VASCO Data Security International will post 0.45 earnings per share for the current fiscal year.

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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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