Inspire Investing LLC Invests $1.04 Million in Onespan Inc $OSPN

Inspire Investing LLC acquired a new stake in Onespan Inc (NASDAQ:OSPN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,350 shares of the company’s stock, valued at approximately $1,038,000. Inspire Investing LLC owned about 0.17% of Onespan as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Onespan by 55.3% in the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock worth $8,631,000 after acquiring an additional 201,585 shares during the last quarter. Legal & General Group Plc raised its stake 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 purchasing an additional 28,219 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Onespan by 49.3% during the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock worth $12,038,000 after purchasing an additional 238,041 shares during the period. Acadian Asset Management LLC boosted its position in Onespan by 21.3% in the second quarter. Acadian Asset Management LLC now owns 985,370 shares of the company’s stock valued at $16,438,000 after buying an additional 173,185 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Onespan by 16.0% in the 2nd quarter. First Trust Advisors LP now owns 1,712,158 shares of the company’s stock worth $28,576,000 after buying an additional 236,109 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Insider Activity

In related news, Director Michael J. Mcconnell purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of $11.96 per share, with a total value of $598,000.00. Following the completion of the acquisition, the director owned 83,763 shares in the company, valued at $1,001,805.48. This trade represents a 148.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Onespan Stock Performance

NASDAQ:OSPN opened at $12.92 on Friday. The stock has a market capitalization of $491.35 million, a PE ratio of 8.79 and a beta of 1.51. Onespan Inc has a fifty-two week low of $11.00 and a fifty-two week high of $20.36. The company has a fifty day moving average of $13.05 and a two-hundred day moving average of $14.59.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The company had revenue of $57.06 million during the quarter, compared to analyst estimates of $58.18 million. Research analysts forecast that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, November 14th. Onespan’s dividend payout ratio is currently 32.65%.

Analysts Set New Price Targets

Several analysts have commented on OSPN shares. DA Davidson decreased their price objective on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Rosenblatt Securities lowered their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research note on Monday. Finally, Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Onespan presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.