Onespan (NASDAQ:OSPN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Onespan (NASDAQ:OSPN) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other research firms have also commented on OSPN. DA Davidson reduced their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. Finally, Zacks Research lowered Onespan from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.67.

Onespan Trading Up 0.2%

OSPN opened at $10.17 on Friday. The company has a market cap of $381.07 million, a price-to-earnings ratio of 5.41, a PEG ratio of 0.92 and a beta of 1.54. The company’s 50 day moving average is $11.05 and its 200 day moving average is $12.79. Onespan has a 12-month low of $10.07 and a 12-month high of $18.13.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The business had revenue of $62.92 million during the quarter, compared to analysts’ expectations of $59.78 million. As a group, analysts predict that Onespan will post 1.11 EPS for the current fiscal year.

Onespan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.13 per share. This is a positive change from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.1%. Onespan’s dividend payout ratio is presently 27.66%.

Insiders Place Their Bets

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value 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 approximately $1,138,551.94. This represents a 11.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Onespan

Several large investors have recently made changes to their positions in OSPN. Deprince Race & Zollo Inc. purchased a new stake in shares of Onespan during the third quarter worth about $3,029,000. Arrowstreet Capital Limited Partnership lifted its holdings in Onespan by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 765,843 shares of the company’s stock worth $12,782,000 after purchasing an additional 102,243 shares in the last quarter. First Trust Advisors LP boosted its stake in Onespan by 16.0% in the 2nd quarter. First Trust Advisors LP now owns 1,712,158 shares of the company’s stock worth $28,576,000 after purchasing an additional 236,109 shares during the period. Topline Capital Management LLC purchased a new stake in Onespan during the 3rd quarter valued at approximately $5,549,000. Finally, Clark Estates Inc. NY purchased a new stake in Onespan during the 3rd quarter valued at approximately $2,479,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

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.