CSM Advisors LLC Grows Position in Onespan Inc $OSPN

CSM Advisors LLC lifted its position in Onespan Inc (NASDAQ:OSPN) by 24.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 272,360 shares of the company’s stock after purchasing an additional 53,625 shares during the period. CSM Advisors LLC owned about 0.72% of Onespan worth $4,326,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in Onespan by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 2,370,774 shares of the company’s stock worth $39,568,000 after acquiring an additional 28,219 shares during the last quarter. LSV Asset Management raised its stake in shares of Onespan by 49.3% during the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock valued at $12,038,000 after acquiring an additional 238,041 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Onespan during the third quarter valued at about $3,029,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Onespan by 43.3% during the second quarter. Hillsdale Investment Management Inc. now owns 280,038 shares of the company’s stock worth $4,674,000 after purchasing an additional 84,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Onespan by 15.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 765,843 shares of the company’s stock worth $12,782,000 after purchasing an additional 102,243 shares during the period. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Stock Performance

OSPN stock opened at $10.55 on Monday. Onespan Inc has a fifty-two week low of $10.16 and a fifty-two week high of $18.13. The company has a market capitalization of $395.31 million, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The business’s 50 day moving average price is $11.54 and its two-hundred day moving average price is $13.16.

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

Onespan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.13 per share. This is a boost from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 4.9%. Onespan’s dividend payout ratio is 27.66%.

Wall Street Analyst Weigh In

OSPN has been the topic of a number of research analyst reports. DA Davidson reduced their price target on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. Finally, Zacks Research cut Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Onespan has a consensus rating of “Hold” and an average price target of $16.67.

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.