Royce & Associates LP Makes New Investment in Onespan Inc $OSPN

Royce & Associates LP purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank lifted its position in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Onespan by 37.0% in the 1st quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock worth $1,036,000 after purchasing an additional 18,328 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Onespan by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock worth $977,000 after purchasing an additional 4,027 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Onespan by 13.3% in the second quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock worth $1,572,000 after purchasing an additional 11,032 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Onespan by 85.9% during the second quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock valued at $1,076,000 after purchasing an additional 29,738 shares in the last quarter. Institutional investors own 95.52% of the company’s stock.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the completion of the sale, the chief financial officer owned 110,218 shares of the company’s stock, valued at $1,138,551.94. This represents a 11.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, DA Davidson reduced their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Onespan Price Performance

NASDAQ OSPN opened at $14.44 on Monday. The business’s fifty day moving average price is $11.62 and its 200-day moving average price is $11.82. The stock has a market capitalization of $535.29 million, a price-to-earnings ratio of 7.98, a PEG ratio of 1.32 and a beta of 1.53. Onespan Inc has a 1-year low of $10.07 and a 1-year high of $18.13.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $65.95 million during the quarter, compared to analyst estimates of $62.40 million. Onespan had a return on equity of 18.03% and a net margin of 28.47%. Equities research analysts anticipate that Onespan Inc will post 1 EPS for the current year.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, May 14th. Onespan’s payout ratio is currently 28.73%.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.