Onespan Inc (NASDAQ:OSPN) Given Average Rating of “Hold” by Brokerages

Onespan Inc (NASDAQ:OSPN) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.6667.

Several research firms recently issued reports on OSPN. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, DA Davidson cut their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th.

Onespan Trading Up 0.1%

NASDAQ OSPN opened at $14.33 on Friday. The company’s fifty day simple moving average is $12.41 and its 200-day simple moving average is $11.97. Onespan has a 52 week low of $10.07 and a 52 week high of $18.13. The stock has a market cap of $531.21 million, a P/E ratio of 7.92, a PEG ratio of 1.28 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. On average, research analysts expect that Onespan will post 1.02 EPS for the current fiscal year.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.52 annualized dividend and a yield of 3.6%. Onespan’s dividend payout ratio is currently 28.73%.

Insider Transactions at Onespan

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the sale, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at $1,138,551.94. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Onespan

Several institutional investors have recently added to or reduced their stakes in OSPN. Millennium Management LLC raised its holdings in Onespan by 1,018.8% in the fourth quarter. Millennium Management LLC now owns 1,211,659 shares of the company’s stock valued at $15,558,000 after acquiring an additional 1,103,360 shares in the last quarter. Simcoe Capital Management LLC raised its holdings in shares of Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after purchasing an additional 747,578 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock worth $13,355,000 after purchasing an additional 617,092 shares during the period. First Trust Advisors LP raised its holdings in shares of Onespan by 25.1% during the third quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after purchasing an additional 428,983 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after purchasing an additional 349,648 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

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.