Lazard Asset Management LLC Buys 87,815 Shares of Onespan Inc $OSPN

Lazard Asset Management LLC grew its stake in shares of Onespan Inc (NASDAQ:OSPN) by 33.2% during the first quarter, HoldingsChannel.com reports. The fund owned 352,643 shares of the company’s stock after buying an additional 87,815 shares during the quarter. Lazard Asset Management LLC’s holdings in Onespan were worth $3,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the last quarter. Register Financial Advisors LLC lifted its position in Onespan by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 68,628 shares of the company’s stock valued at $881,000 after purchasing an additional 1,521 shares during the period. Deutsche Bank AG boosted its holdings in Onespan by 4.7% in the fourth quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock worth $431,000 after purchasing an additional 1,522 shares during the last quarter. Amundi boosted its holdings in Onespan by 10.0% in the fourth quarter. Amundi now owns 18,463 shares of the company’s stock worth $237,000 after purchasing an additional 1,676 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Onespan by 15.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,750 shares of the company’s stock worth $177,000 after purchasing an additional 1,850 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Trading Up 0.5%

OSPN opened at $15.48 on Friday. The company has a market cap of $573.84 million, a price-to-earnings ratio of 8.55, a PEG ratio of 1.37 and a beta of 1.53. The company’s 50 day moving average is $14.57 and its 200 day moving average is $12.48. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $16.44.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSPN shares. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Onespan in a research note on Thursday, June 25th. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, DA Davidson reiterated a “neutral” rating and set a $12.00 price objective on shares of Onespan in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.67.

Insider Buying and Selling at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer owned 91,018 shares in the company, valued at $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Onespan Company 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.