33,829 Shares in Onespan Inc $OSPN Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,829 shares of the company’s stock, valued at approximately $356,000.

Several other institutional investors also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its position in shares of Onespan by 858.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 119,419 shares of the company’s stock valued at $1,257,000 after buying an additional 106,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Onespan by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after buying an additional 349,648 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Onespan during the 4th quarter valued at approximately $855,000. Arrowstreet Capital Limited Partnership grew its stake in Onespan by 94.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after acquiring an additional 617,092 shares during the period. Finally, Royce & Associates LP acquired a new stake in Onespan in the 4th quarter valued at $770,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Onespan Stock Down 0.9%

Shares of OSPN opened at $15.78 on Wednesday. The stock has a 50 day moving average price of $15.06 and a 200 day moving average price of $12.83. Onespan Inc has a one year low of $10.07 and a one year high of $18.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. The stock has a market capitalization of $581.49 million, a price-to-earnings ratio of 8.87, a PEG ratio of 1.42 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Onespan had a return on equity of 16.91% and a net margin of 27.76%.The company had revenue of $60.47 million for the quarter, compared to analyst estimates of $58.25 million. Equities research analysts forecast that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. Onespan’s dividend payout ratio (DPR) is currently 29.21%.

Insiders Place Their Bets

In related news, CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

OSPN has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Rosenblatt Securities lifted their target price on shares of Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, DA Davidson raised their price target on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.00.

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.