Penserra Capital Management Lowers stake in VASCO Data Security International (VDSI)

VASCO Data Security International (VDSI) : Penserra Capital Management reduced its stake in VASCO Data Security International by 25.56% during the most recent quarter end. The investment management company now holds a total of 1,148,568 shares of VASCO Data Security International which is valued at $19,812,798 after selling 394,398 shares in VASCO Data Security International , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.VASCO Data Security International makes up approximately 2.56% of Penserra Capital Management’s portfolio.

Other Hedge Funds, Including , Granite Point Capital Management added VDSI to its portfolio by purchasing 36,000 company shares during the most recent quarter which is valued at $614,520. VASCO Data Security International makes up approx 0.51% of Granite Point Capital Management’s portfolio. Calvert Investment Management sold out all of its stake in VDSI during the most recent quarter. The investment firm sold 72,923 shares of VDSI which is valued $1,244,796. James Investment Research Inc sold out all of its stake in VDSI during the most recent quarter. The investment firm sold 940 shares of VDSI which is valued $15,886.

VASCO Data Security International closed down -0.08 points or -0.46% at $17.35 with 1,28,529 shares getting traded on Wednesday. Post opening the session at $17.37, the shares hit an intraday low of $17.17 and an intraday high of $17.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, VASCO Data Security International reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.17. The company had revenue of $54.30 million for the quarter, compared to analysts expectations of $51.20 million. The company’s revenue was down -17.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on VASCO Data Security International. Shares were Reiterated by Dougherty & Company on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .

VASCO Data Security International Inc. (VASCO) is an IT security company. The Company through its operating subsidiaries designs develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks such as the Internet. The Company’s user authentication is delivered through its hardware and software DIGIPASS security products (DIGIPASSES) many of which incorporate an electronic and digital signature capability which further protects the integrity of electronic transactions and data transmissions. VASCO’s primary product and service lines include three categories of solutions: Host System products which is typically a component of an organization’s IT infrastructure; Client Authenticators which are devices used by end users for authentication and Developer Tools which are used by application developers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *