Analysts Set VASCO Data Security International, Inc. (VDSI) Target Price at $16.00

VASCO Data Security International, Inc. (NASDAQ:VDSI) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered VASCO Data Security International from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Imperial Capital began coverage on VASCO Data Security International in a research report on Monday, June 26th. They issued an “outperform” rating and a $16.00 target price on the stock. ValuEngine raised VASCO Data Security International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BidaskClub lowered VASCO Data Security International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

In related news, CEO T Kendall Hunt sold 5,801 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $13.83, for a total transaction of $80,227.83. Following the sale, the chief executive officer now directly owns 7,625,188 shares of the company’s stock, valued at approximately $105,456,350.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 212,741 shares of company stock worth $2,816,380. Corporate insiders own 25.88% of the company’s stock.

Several hedge funds have recently bought and sold shares of VDSI. Teachers Advisors LLC raised its position in shares of VASCO Data Security International by 3.6% during the 4th quarter. Teachers Advisors LLC now owns 56,283 shares of the technology company’s stock valued at $768,000 after acquiring an additional 1,970 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of VASCO Data Security International by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the technology company’s stock valued at $166,000 after acquiring an additional 200 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of VASCO Data Security International by 27.0% during the 1st quarter. Wells Fargo & Company MN now owns 59,215 shares of the technology company’s stock valued at $799,000 after acquiring an additional 12,595 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of VASCO Data Security International by 9.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 43,592 shares of the technology company’s stock valued at $587,000 after acquiring an additional 3,802 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of VASCO Data Security International by 159.3% during the 1st quarter. First Trust Advisors LP now owns 222,036 shares of the technology company’s stock valued at $2,997,000 after acquiring an additional 136,409 shares in the last quarter. 51.61% of the stock is currently owned by institutional investors and hedge funds.

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VASCO Data Security International (NASDAQ:VDSI) traded down 8.68% during mid-day trading on Tuesday, reaching $11.05. 2,378,256 shares of the company’s stock were exchanged. The company has a market capitalization of $439.76 million, a P/E ratio of 71.29 and a beta of 1.40. The company’s 50 day moving average price is $12.53 and its 200-day moving average price is $13.36. VASCO Data Security International has a 52 week low of $11.05 and a 52 week high of $19.09.

VASCO Data Security International (NASDAQ:VDSI) last announced its earnings results on Thursday, July 27th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. The company had revenue of $45.70 million for the quarter, compared to analyst estimates of $42.87 million. During the same period in the prior year, the company posted $0.15 EPS. VASCO Data Security International’s quarterly revenue was down 15.8% on a year-over-year basis. On average, equities research analysts expect that VASCO Data Security International will post $0.07 earnings per share for the current fiscal year.

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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