Register Financial Advisors LLC Buys Shares of 67,107 Onespan Inc $OSPN

Register Financial Advisors LLC bought a new position in shares of Onespan Inc (NASDAQ:OSPN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 67,107 shares of the company’s stock, valued at approximately $1,066,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OSPN. State of Alaska Department of Revenue bought a new stake in Onespan in the third quarter valued at approximately $26,000. Comerica Bank raised its stake in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC lifted its holdings in Onespan by 16.4% during the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock worth $82,000 after acquiring an additional 692 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Onespan by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after acquiring an additional 3,816 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Onespan in the second quarter valued at about $196,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OSPN has been the topic of a number of research analyst reports. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Rosenblatt Securities lowered their target price on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, DA Davidson reduced their price target on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company 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 company presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Insider Activity

In other Onespan news, Director Michael J. Mcconnell bought 50,000 shares of Onespan stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the purchase, the director owned 83,763 shares of the company’s stock, valued at $1,001,805.48. The trade was a 148.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Onespan Trading Down 2.2%

Shares of OSPN opened at $11.55 on Wednesday. Onespan Inc has a 12 month low of $11.00 and a 12 month high of $20.36. The firm has a fifty day simple moving average of $12.55 and a 200 day simple moving average of $14.13. The stock has a market capitalization of $439.25 million, a price-to-earnings ratio of 7.86 and a beta of 1.50.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Onespan had a net margin of 24.08% and a return on equity of 18.41%. The firm had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $58.18 million. As a group, research analysts predict that Onespan Inc will post 1.11 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, November 14th. Onespan’s dividend payout ratio (DPR) is 32.65%.

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.