39,555 Shares in Onespan Inc $OSPN Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of Onespan Inc (NASDAQ:OSPN) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 39,555 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 900 shares during the last quarter. International Assets Investment Management LLC bought a new position in Onespan in the fourth quarter valued at about $32,000. Allworth Financial LP acquired a new stake in Onespan in the second quarter worth about $36,000. Comerica Bank increased its position in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Onespan during the 4th quarter worth about $50,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Onespan Price Performance

Shares of OSPN opened at $15.39 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. Onespan Inc has a 1 year low of $10.07 and a 1 year high of $18.48. The stock has a market cap of $567.12 million, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.35 and a beta of 1.53. The stock’s 50-day moving average price is $15.20 and its two-hundred day moving average price is $12.97.

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

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. Onespan’s dividend payout ratio is presently 29.21%.

Insider Buying and Selling

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the sale, the chief financial officer owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Rosenblatt Securities lifted their price target on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Finally, DA Davidson lifted their target price on shares of Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.00.

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.