Onespan (NASDAQ:OSPN) CFO Jorge Garcia Martell Sells 15,000 Shares

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the completion of the transaction, the chief financial officer owned 110,218 shares of the company’s stock, valued at $1,138,551.94. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Onespan Price Performance

Shares of OSPN opened at $10.47 on Wednesday. The company has a market capitalization of $392.28 million, a P/E ratio of 5.57, a PEG ratio of 0.94 and a beta of 1.54. Onespan Inc has a one year low of $10.16 and a one year high of $18.13. The business’s 50 day simple moving average is $11.45 and its 200-day simple moving average is $13.09.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Onespan had a return on equity of 19.58% and a net margin of 29.98%.The firm had revenue of $62.92 million during the quarter, compared to analysts’ expectations of $59.78 million. On average, sell-side analysts anticipate that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 13th. Onespan’s dividend payout ratio is 27.66%.

Wall Street Analyst Weigh In

OSPN has been the topic of a number of research analyst reports. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.67.

Institutional Trading of Onespan

Several institutional investors and hedge funds have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares during the last quarter. Register Financial Advisors LLC increased its holdings in Onespan by 2.3% in 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 last quarter. Deutsche Bank AG lifted its stake in Onespan by 4.7% in the fourth quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock valued at $431,000 after buying an additional 1,522 shares during the period. Hohimer Wealth Management LLC boosted its holdings in Onespan by 13.0% during the third quarter. Hohimer Wealth Management LLC now owns 13,642 shares of the company’s stock worth $217,000 after buying an additional 1,572 shares during the last quarter. Finally, Amundi boosted its holdings in Onespan by 10.0% during the fourth quarter. Amundi now owns 18,463 shares of the company’s stock worth $237,000 after buying an additional 1,676 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

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.