2,177,532 Shares in Onespan Inc $OSPN Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the second quarter, Holdings Channel reports. The firm purchased 2,177,532 shares of the company’s stock, valued at approximately $31,248,000. Legal & General Group Plc owned approximately 0.06% of Onespan at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Onespan during the second quarter worth about $59,607,000. Ameriprise Financial Inc. raised its position in Onespan by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock valued at $33,364,000 after purchasing an additional 69,138 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Onespan by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after buying an additional 349,648 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Onespan by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock worth $22,171,000 after buying an additional 22,135 shares during the last quarter. Finally, State Street Corp grew its position in shares of Onespan by 2.1% in the 4th quarter. State Street Corp now owns 1,339,388 shares of the company’s stock worth $17,198,000 after buying an additional 26,910 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

Shares of OSPN stock opened at $16.54 on Friday. The business’s fifty day moving average is $15.35 and its 200 day moving average is $13.07. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a market cap of $609.50 million, a price-to-earnings ratio of 9.29, a PEG ratio of 1.43 and a beta of 1.53. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $18.48.

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

Onespan Dividend Announcement

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

Insider Transactions at Onespan

In related news, CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the sale, the chief financial officer owned 91,018 shares of the company’s stock, valued at $1,315,210.10. The trade was a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSPN shares. Weiss Ratings raised Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Rosenblatt Securities upped their price objective on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, DA Davidson lifted their target price on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

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.