Jorge Garcia Martell Sells 20,000 Shares of Onespan (NASDAQ:OSPN) Stock

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction on Tuesday, June 16th. The stock was 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. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Onespan Stock Down 3.7%

Shares of NASDAQ OSPN opened at $13.73 on Thursday. The company’s fifty day moving average is $12.61 and its 200-day moving average is $12.01. The stock has a market cap of $508.97 million, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.27 and a beta of 1.53. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $18.13.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. On average, research analysts anticipate that Onespan Inc will post 1.02 EPS for the current fiscal year.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, May 14th. Onespan’s dividend payout ratio (DPR) is currently 28.73%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OSPN. Deprince Race & Zollo Inc. grew its stake in Onespan by 101.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 383,925 shares of the company’s stock valued at $4,930,000 after buying an additional 193,304 shares during the last quarter. Topline Capital Management LLC acquired a new position in Onespan in the 3rd quarter valued at about $5,549,000. Clark Estates Inc. NY acquired a new position in Onespan in the 3rd quarter valued at about $2,479,000. Jupiter Asset Management Ltd. grew its stake in Onespan by 43.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 366,143 shares of the company’s stock valued at $5,818,000 after buying an additional 111,544 shares during the last quarter. Finally, Simcoe Capital Management LLC grew its stake in Onespan by 167.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after buying an additional 747,578 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OSPN shares. DA Davidson cut their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.67.

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.