Legal & General Group Plc Purchases 28,219 Shares of Onespan Inc $OSPN

Legal & General Group Plc raised its holdings in shares of Onespan Inc (NASDAQ:OSPN) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,370,774 shares of the company’s stock after purchasing an additional 28,219 shares during the quarter. Legal & General Group Plc owned 6.19% of Onespan worth $39,568,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OSPN. Victory Capital Management Inc. increased its position in shares of Onespan by 49.3% during the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock worth $1,324,000 after acquiring an additional 28,660 shares in the last quarter. AQR Capital Management LLC boosted its stake in Onespan by 55.3% during the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock valued at $8,631,000 after purchasing an additional 201,585 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Onespan by 21.3% during the 2nd quarter. Acadian Asset Management LLC now owns 985,370 shares of the company’s stock valued at $16,438,000 after purchasing an additional 173,185 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Onespan during the 1st quarter worth approximately $1,827,000. Finally, LSV Asset Management raised its stake in shares of Onespan by 49.3% in the second quarter. LSV Asset Management now owns 721,249 shares of the company’s stock worth $12,038,000 after purchasing an additional 238,041 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Onespan Price Performance

NASDAQ OSPN opened at $12.19 on Thursday. The stock has a market capitalization of $463.55 million, a price-to-earnings ratio of 8.07 and a beta of 1.33. Onespan Inc has a one year low of $11.00 and a one year high of $20.36. The business’s fifty day moving average is $14.41 and its 200-day moving average is $15.11.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $57.06 million during the quarter, compared to analyst estimates 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. Research analysts expect that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s payout ratio is 32.65%.

Insider Buying and Selling

In other news, Director Michael J. Mcconnell acquired 50,000 shares of Onespan stock in a transaction on Wednesday, November 5th. The stock was acquired at an average cost of $11.96 per share, with a total value of $598,000.00. Following the completion of the acquisition, the director owned 83,763 shares in the company, valued at approximately $1,001,805.48. This trade represents a 148.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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.