Onespan Inc $OSPN Shares Acquired by Meritage Portfolio Management

Meritage Portfolio Management lifted its position in Onespan Inc (NASDAQ:OSPN) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,736 shares of the company’s stock after buying an additional 59,405 shares during the quarter. Meritage Portfolio Management owned approximately 0.55% of Onespan worth $2,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OSPN. First Trust Advisors LP grew its position in Onespan by 25.1% in the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock valued at $34,023,000 after acquiring an additional 428,983 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Onespan by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock valued at $33,364,000 after purchasing an additional 69,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Onespan by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock valued at $22,171,000 after purchasing an additional 22,135 shares in the last quarter. Simcoe Capital Management LLC grew its holdings in shares of Onespan by 167.5% in the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after purchasing an additional 747,578 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Onespan by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,050,308 shares of the company’s stock worth $16,689,000 after buying an additional 37,516 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analysts Set New Price Targets

OSPN has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Onespan in a report on Friday, April 10th. DA Davidson cut their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.67.

Onespan Trading Up 1.6%

Shares of OSPN opened at $11.62 on Wednesday. The firm has a market capitalization of $435.40 million, a price-to-earnings ratio of 6.18, a PEG ratio of 1.04 and a beta of 1.51. The firm’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $12.25. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $18.13.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, February 26th. The company reported $0.36 EPS 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 firm had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. On average, analysts predict that Onespan Inc will post 1 earnings per share for the current fiscal year.

Onespan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were 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 was Friday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. Onespan’s dividend payout ratio is 27.66%.

Insider Buying and Selling at Onespan

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $10.33, for a total transaction of $154,950.00. Following the completion of the sale, the chief financial officer owned 110,218 shares in the company, valued at $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

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.