Globeflex Capital L P Buys New Stake in Onespan Inc $OSPN

Globeflex Capital L P purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,555 shares of the company’s stock, valued at approximately $568,000. Globeflex Capital L P owned 0.11% of Onespan as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after buying an additional 900 shares in the last quarter. Comerica Bank lifted its position in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. International Assets Investment Management LLC acquired a new stake in Onespan in the 4th quarter valued at $32,000. Allworth Financial LP acquired a new stake in Onespan in the 2nd quarter valued at $36,000. Finally, Global Retirement Partners LLC bought a new stake in Onespan in the fourth quarter valued at $50,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value 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. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OSPN. DA Davidson increased their price objective on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Onespan from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Rosenblatt Securities increased their target price on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One analyst has 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 presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Onespan Stock Down 1.3%

NASDAQ OSPN opened at $15.39 on Wednesday. The firm has a market cap of $567.12 million, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.35 and a beta of 1.53. Onespan Inc has a one year low of $10.07 and a one year high of $18.48. The stock’s 50 day simple moving average is $15.20 and its 200 day simple moving average is $12.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. As a group, sell-side analysts forecast that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a $0.13 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.4%. Onespan’s dividend payout ratio (DPR) is 29.21%.

Onespan Company Profile

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.