Onespan Inc $OSPN Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Onespan Inc (NASDAQ:OSPN) by 90.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,691 shares of the company’s stock after selling 1,388,569 shares during the period. First Trust Advisors LP’s holdings in Onespan were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its position in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the period. Royal Bank of Canada grew its position in shares of Onespan by 37.0% in the first quarter. Royal Bank of Canada now owns 67,916 shares of the company’s stock valued at $1,036,000 after purchasing an additional 18,328 shares during the period. Rhumbline Advisers increased its stake in shares of Onespan by 7.4% during the second quarter. Rhumbline Advisers now owns 58,546 shares of the company’s stock worth $977,000 after purchasing an additional 4,027 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Onespan by 13.3% during the second quarter. American Century Companies Inc. now owns 94,218 shares of the company’s stock worth $1,572,000 after purchasing an additional 11,032 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Onespan by 85.9% during the second quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company’s stock worth $1,076,000 after purchasing an additional 29,738 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Onespan Price Performance

OSPN stock opened at $16.78 on Monday. Onespan Inc has a one year low of $10.07 and a one year high of $18.48. The firm has a market cap of $618.34 million, a PE ratio of 9.43, a PEG ratio of 1.46 and a beta of 1.53. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $12.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33.

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

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, August 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.1%. Onespan’s dividend payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OSPN. Rosenblatt Securities raised their price target on shares of Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, DA Davidson raised their target price on Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.00.

Insider Buying and Selling at Onespan

In related news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the sale, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.