Register Financial Advisors LLC Purchases Shares of 67,107 Onespan Inc $OSPN

Register Financial Advisors LLC acquired a new position in shares of Onespan Inc (NASDAQ:OSPN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,107 shares of the company’s stock, valued at approximately $1,066,000. Register Financial Advisors LLC owned 0.18% of Onespan as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in Onespan during the third quarter worth about $26,000. Comerica Bank lifted its position in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC boosted its stake in Onespan by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after buying an additional 692 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Onespan by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after acquiring an additional 3,816 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Onespan during the third quarter worth $189,000. Institutional investors own 95.52% of the company’s stock.

Onespan Stock Performance

Shares of OSPN opened at $11.55 on Wednesday. The business’s fifty day moving average price is $12.55 and its two-hundred day moving average price is $14.13. The firm has a market capitalization of $439.25 million, a price-to-earnings ratio of 7.86 and a beta of 1.50. Onespan Inc has a 52 week low of $11.00 and a 52 week high of $20.36.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $57.06 million for the quarter, compared to analyst estimates of $58.18 million. Onespan had a return on equity of 18.41% and a net margin of 24.08%. As a group, research analysts forecast that Onespan Inc will post 1.11 EPS for the current year.

Onespan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, November 14th. Onespan’s dividend payout ratio is currently 32.65%.

Insider Transactions at Onespan

In other Onespan news, Director Michael J. Mcconnell acquired 50,000 shares of Onespan stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $11.96 per share, with a total value of $598,000.00. Following the completion of the purchase, the director owned 83,763 shares in the company, valued at $1,001,805.48. The trade was a 148.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. DA Davidson lowered their target price on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Rosenblatt Securities dropped their price objective on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Finally, Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Onespan currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Onespan 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.