Onespan Inc $OSPN Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its stake in shares of Onespan Inc (NASDAQ:OSPN) by 4.0% in the second quarter, HoldingsChannel reports. The firm owned 254,599 shares of the company’s stock after buying an additional 9,864 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Onespan were worth $4,249,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in OSPN. Comerica Bank grew its holdings in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Onespan by 16.4% during 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 during the period. Meeder Asset Management Inc. grew its holdings in Onespan by 14.6% during the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock valued at $94,000 after purchasing an additional 783 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Onespan during the first quarter valued at about $183,000. Finally, Cerity Partners LLC increased its position in shares of Onespan by 51.7% during the first quarter. Cerity Partners LLC now owns 15,567 shares of the company’s stock worth $237,000 after acquiring an additional 5,304 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Onespan Price Performance

Onespan stock opened at $12.55 on Friday. Onespan Inc has a 12 month low of $11.00 and a 12 month high of $20.36. The company has a fifty day moving average price of $15.00 and a two-hundred day moving average price of $15.31. The company has a market cap of $477.24 million, a PE ratio of 8.31 and a beta of 1.33.

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

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. Onespan’s dividend payout ratio (DPR) is currently 32.65%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. B. Riley assumed coverage on Onespan in a report on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price target for the company. DA Davidson reduced their target price on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Rosenblatt Securities decreased their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Onespan presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell bought 50,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the completion of the purchase, the director directly owned 83,763 shares in the company, valued at approximately $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 is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Onespan Profile

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.