Onespan Inc $OSPN Position Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in Onespan Inc (NASDAQ:OSPN) by 53.9% in the second quarter, HoldingsChannel.com reports. The firm owned 147,976 shares of the company’s stock after purchasing an additional 51,815 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Onespan were worth $2,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Onespan during the 1st quarter valued at $3,594,000. Pacer Advisors Inc. bought a new position in Onespan during the first quarter valued at about $3,276,000. AQR Capital Management LLC grew its holdings in Onespan by 55.3% during the first quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock worth $8,631,000 after acquiring an additional 201,585 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Onespan by 8.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,341,305 shares of the company’s stock worth $35,709,000 after acquiring an additional 177,011 shares during the period. Finally, Penn Capital Management Company LLC bought a new stake in Onespan in the first quarter worth about $2,550,000. 95.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OSPN has been the subject of several research reports. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. DA Davidson reduced their target price on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. B. Riley assumed coverage on Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Rosenblatt Securities decreased their target price on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Insider Transactions at Onespan

In other Onespan news, Director Michael J. Mcconnell acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the transaction, the director owned 83,763 shares of the company’s stock, valued at $1,001,805.48. The trade was a 148.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Onespan Stock Performance

Shares of NASDAQ:OSPN opened at $12.66 on Tuesday. The firm has a 50 day simple moving average of $15.14 and a 200 day simple moving average of $15.36. Onespan Inc has a 52 week low of $11.00 and a 52 week high of $20.36. The company has a market cap of $481.42 million, a PE ratio of 8.38 and a beta of 1.33.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $58.18 million. Onespan had a net margin of 24.90% and a return on equity of 19.75%. Onespan has set its FY 2025 guidance at EPS. On average, equities analysts predict that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s payout ratio is presently 32.65%.

About Onespan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.