Onespan Inc (NASDAQ:OSPN) Given Consensus Rating of “Hold” by Analysts

Onespan Inc (NASDAQ:OSPN) has earned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.6667.

Several analysts recently issued reports on OSPN shares. Zacks Research lowered Onespan from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. DA Davidson dropped their target price on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd.

Onespan Stock Performance

OSPN stock opened at $10.82 on Thursday. The stock has a market cap of $405.43 million, a P/E ratio of 5.76, a P/E/G ratio of 0.99 and a beta of 1.54. The firm has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $13.22. Onespan has a 52 week low of $10.16 and a 52 week high of $18.13.

Onespan (NASDAQ:OSPN) last released its earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. Onespan had a net margin of 29.98% and a return on equity of 19.58%. Sell-side analysts predict that Onespan will post 1.11 EPS for the current year.

Onespan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio (DPR) is presently 25.53%.

Hedge Funds Weigh In On Onespan

Several hedge funds have recently bought and sold shares of OSPN. Legal & General Group Plc lifted its position in shares of Onespan by 1.2% in the second quarter. Legal & General Group Plc now owns 2,370,774 shares of the company’s stock worth $39,568,000 after buying an additional 28,219 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Onespan by 25.1% during the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock valued at $34,023,000 after acquiring an additional 428,983 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Onespan by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock valued at $33,364,000 after acquiring an additional 69,138 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Onespan by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock worth $22,171,000 after purchasing an additional 22,135 shares during the last quarter. Finally, State Street Corp lifted its holdings in Onespan by 2.1% in the 4th quarter. State Street Corp now owns 1,339,388 shares of the company’s stock worth $17,198,000 after purchasing an additional 26,910 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

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.