Ieq Capital LLC Takes Position in Onespan Inc $OSPN

Ieq Capital LLC bought a new position in shares of Onespan Inc (NASDAQ:OSPN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 113,914 shares of the company’s stock, valued at approximately $1,635,000. Ieq Capital LLC owned 0.31% of Onespan as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd increased its holdings in Onespan by 858.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 119,419 shares of the company’s stock worth $1,257,000 after acquiring an additional 106,960 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Onespan by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after purchasing an additional 349,648 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Onespan during the 4th quarter valued at $855,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Onespan by 94.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock worth $13,355,000 after purchasing an additional 617,092 shares during the period. Finally, Royce & Associates LP bought a new position in shares of Onespan in the fourth quarter worth $770,000. Institutional investors own 95.52% of the company’s stock.

Insider Activity

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

Onespan Stock Down 1.3%

Shares of Onespan stock opened at $15.39 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $18.48. The company’s 50 day moving average price is $15.20 and its 200-day moving average price is $12.97. The stock has a market capitalization of $567.12 million, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.35 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $60.47 million for the quarter, compared to analysts’ expectations of $58.25 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. Equities research analysts forecast that Onespan Inc will post 1.05 EPS for the current year.

Onespan Announces Dividend

The business 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. The ex-dividend date is Friday, August 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. Onespan’s payout ratio is currently 29.21%.

Analysts Set New Price Targets

OSPN has been the topic of a number of research analyst reports. Weiss Ratings upgraded Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a 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 research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note 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 report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.