Access Investment Management LLC Buys Shares of 65,695 Onespan Inc $OSPN

Access Investment Management LLC purchased a new position in Onespan Inc (NASDAQ:OSPN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 65,695 shares of the company’s stock, valued at approximately $1,044,000. Access Investment Management LLC owned 0.17% of Onespan as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSPN. Copeland Capital Management LLC lifted its position in Onespan by 16.4% during the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after purchasing an additional 692 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Onespan in the third quarter worth about $26,000. Comerica Bank raised its holdings in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares in the last quarter. Invesco Ltd. raised its stake in Onespan by 3.9% during the second quarter. Invesco Ltd. now owns 69,761 shares of the company’s stock valued at $1,164,000 after purchasing an additional 2,588 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Onespan by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 196,396 shares of the company’s stock valued at $3,278,000 after buying an additional 2,764 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OSPN shares. Rosenblatt Securities lowered their price target on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. DA Davidson decreased their price objective on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Insider Buying and Selling

In other news, Director Michael J. Mcconnell acquired 50,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $1,001,805.48. This represents a 148.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Onespan Price Performance

NASDAQ OSPN opened at $11.78 on Friday. The company has a market capitalization of $447.99 million, a PE ratio of 8.01 and a beta of 1.50. The company has a fifty day moving average of $12.49 and a 200 day moving average of $13.87. Onespan Inc has a 1 year low of $11.00 and a 1 year high of $20.36.

Onespan (NASDAQ:OSPN) last posted its 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 return on equity of 18.41% and a net margin of 24.08%.The firm had revenue of $57.06 million for the quarter, compared to analyst estimates of $58.18 million. Research analysts expect that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan 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.