Onespan (NASDAQ:OSPN) CFO Jorge Garcia Martell Sells 20,000 Shares

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the sale, the chief financial officer owned 91,018 shares in the company, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Onespan Trading Up 0.2%

NASDAQ:OSPN traded up $0.03 during mid-day trading on Tuesday, hitting $14.26. The stock had a trading volume of 251,455 shares, compared to its average volume of 609,073. The stock has a market capitalization of $528.62 million, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.28 and a beta of 1.53. The company has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $11.99. Onespan Inc has a 52 week low of $10.07 and a 52 week high of $18.13.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $65.95 million for the quarter, compared to the consensus estimate of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. As a group, equities research analysts anticipate that Onespan Inc will post 1.02 earnings per share for the current year.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given 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 was Thursday, May 14th. Onespan’s payout ratio is 28.73%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OSPN. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. DA Davidson dropped their target price on shares of 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 raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Onespan presently has a consensus rating of “Hold” and a consensus target price of $16.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares during the last quarter. Royal Bank of Canada raised its stake in Onespan by 37.0% during the 1st quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock valued at $1,036,000 after purchasing an additional 18,328 shares during the last quarter. Rhumbline Advisers raised its stake in Onespan by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock valued at $977,000 after purchasing an additional 4,027 shares during the last quarter. American Century Companies Inc. raised its stake in Onespan by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock valued at $1,572,000 after purchasing an additional 11,032 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Onespan by 85.9% during the 2nd 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 during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

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.