Topline Capital Management LLC Takes Position in Onespan Inc $OSPN

Topline Capital Management LLC purchased a new position in Onespan Inc (NASDAQ:OSPN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 349,203 shares of the company’s stock, valued at approximately $5,549,000. Onespan accounts for 1.0% of Topline Capital Management LLC’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Comerica Bank grew its position in 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 acquiring an additional 2,021 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Onespan by 37.0% during the first quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock worth $1,036,000 after purchasing an additional 18,328 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Onespan by 23.8% during the second quarter. Envestnet Asset Management Inc. now owns 23,068 shares of the company’s stock valued at $385,000 after purchasing an additional 4,432 shares during the period. Jupiter Asset Management Ltd. grew its holdings in shares of Onespan by 4.0% in the second quarter. Jupiter Asset Management Ltd. now owns 254,599 shares of the company’s stock worth $4,249,000 after purchasing an additional 9,864 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Onespan by 1.7% in the second quarter. Geode Capital Management LLC now owns 967,103 shares of the company’s stock worth $16,141,000 after purchasing an additional 15,741 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, DA Davidson decreased their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Onespan has an average rating of “Hold” and an average price target of $16.67.

Onespan Trading Down 1.3%

Shares of Onespan stock opened at $10.55 on Friday. The stock’s fifty day moving average price is $11.54 and its 200-day moving average price is $13.18. The firm has a market cap of $395.31 million, a P/E ratio of 5.61, a P/E/G ratio of 0.97 and a beta of 1.54. Onespan Inc has a 12 month low of $10.16 and a 12 month high of $18.13.

Onespan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Analysts forecast that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio is currently 25.53%.

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.