Quantinno Capital Management LP Grows Position in Onespan Inc $OSPN

Quantinno Capital Management LP boosted its position in shares of Onespan Inc (NASDAQ:OSPN) by 206.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,819 shares of the company’s stock after buying an additional 46,336 shares during the period. Quantinno Capital Management LP owned 0.19% of Onespan worth $725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in Onespan by 0.3% in the fourth quarter. Legal & General Group Plc now owns 2,300,817 shares of the company’s stock valued at $29,542,000 after buying an additional 7,610 shares during the last quarter. Ameriprise Financial Inc. increased its holdings 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 during the period. Dimensional Fund Advisors LP increased its holdings in shares of Onespan by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after acquiring an additional 349,648 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $22,171,000 after purchasing an additional 22,135 shares during the last quarter. Finally, State Street Corp boosted its stake in Onespan by 2.1% during 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 period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OSPN shares. Wall Street Zen downgraded shares of 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 Onespan from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. DA Davidson boosted their price target on Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities upped their price objective on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.00.

Insider Transactions at Onespan

In related news, CFO Jorge Garcia Martell sold 20,000 shares of the 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 transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Onespan Stock Performance

NASDAQ:OSPN opened at $15.78 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The firm has a market cap of $581.49 million, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.42 and a beta of 1.53. The firm’s fifty day moving average price is $15.06 and its 200 day moving average price is $12.83. Onespan Inc has a 1-year low of $10.07 and a 1-year high of $18.48.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The company had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. On average, sell-side analysts expect that Onespan Inc will post 1.05 EPS for the current year.

Onespan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 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 3.3%. The ex-dividend date is Friday, August 14th. Onespan’s payout ratio is 29.21%.

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.