Onespan Inc $OSPN Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Onespan Inc (NASDAQ:OSPN) by 206.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,819 shares of the company’s stock after acquiring an additional 46,336 shares during the quarter. Quantinno Capital Management LP’s holdings in Onespan were worth $725,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Onespan in the 4th quarter valued at about $32,000. Comerica Bank increased its holdings in shares of 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 purchasing an additional 2,021 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Onespan in the fourth quarter valued at about $50,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Onespan by 12,342.3% in the fourth quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock valued at $83,000 after purchasing an additional 6,418 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Insider Activity

In related news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the sale, the chief financial officer owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Rosenblatt Securities raised 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. Finally, Weiss Ratings raised Onespan from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Onespan currently has an average rating of “Hold” and an average price target of $19.00.

Onespan Price Performance

Onespan stock opened at $15.78 on Wednesday. The firm has a market capitalization of $581.49 million, a PE ratio of 8.87, a P/E/G ratio of 1.42 and a beta of 1.53. Onespan Inc has a 52 week low of $10.07 and a 52 week high of $18.48. The firm’s 50-day simple moving average is $15.06 and its 200 day simple moving average is $12.83. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Onespan (NASDAQ:OSPN) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share 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 net margin of 27.76% and a return on equity of 16.91%. On average, equities research analysts predict that Onespan Inc will post 1.05 EPS for the current fiscal year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 14th. Onespan’s payout ratio is currently 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.