Shares of Vasco Data Security International Inc. (NASDAQ:VDSI) dropped 2.3% during trading on Wednesday . The company traded as low as $15.32 and last traded at $15.37, with a volume of 310,158 shares. The stock had previously closed at $15.73.

VDSI has been the subject of a number of recent research reports. Zacks Investment Research lowered Vasco Data Security International from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. TheStreet raised Vasco Data Security International from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Finally, Sidoti initiated coverage on Vasco Data Security International in a report on Thursday, June 23rd. They set a “buy” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.80.

The stock has a market cap of $608.69 million and a price-to-earnings ratio of 19.77. The company’s 50-day moving average price is $16.53 and its 200-day moving average price is $15.84.

Vasco Data Security International (NASDAQ:VDSI) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The firm had revenue of $46.80 million for the quarter, compared to analyst estimates of $46.93 million. Vasco Data Security International’s revenue for the quarter was down 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts forecast that Vasco Data Security International Inc. will post $0.37 EPS for the current year.

In other news, CEO T Kendall Hunt sold 50,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $17.79, for a total transaction of $889,500.00. Following the transaction, the chief executive officer now directly owns 7,753,345 shares in the company, valued at approximately $137,932,007.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other hedge funds and institutional investors recently made changes to their positions in the company. Stevens Capital Management LP bought a new position in shares of Vasco Data Security International during the fourth quarter valued at $1,495,000. Principal Financial Group Inc. raised its position in shares of Vasco Data Security International by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 195,420 shares of the company’s stock valued at $3,269,000 after buying an additional 8,845 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Vasco Data Security International during the fourth quarter valued at $3,656,000. American Century Companies Inc. raised its position in shares of Vasco Data Security International by 35.9% in the fourth quarter. American Century Companies Inc. now owns 325,969 shares of the company’s stock valued at $5,453,000 after buying an additional 86,160 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Vasco Data Security International by 9.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 715,175 shares of the company’s stock valued at $11,965,000 after buying an additional 61,855 shares during the last quarter.

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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