Public Employees Retirement System of Ohio Acquires New Position in Onespan Inc $OSPN

Public Employees Retirement System of Ohio bought a new position in shares of Onespan Inc (NASDAQ:OSPN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,750 shares of the company’s stock, valued at approximately $814,000. Public Employees Retirement System of Ohio owned about 0.15% of Onespan as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Onespan in the 2nd quarter worth about $59,607,000. Legal & General Group Plc increased its stake in shares of Onespan by 0.3% during the 4th quarter. Legal & General Group Plc now owns 2,300,817 shares of the company’s stock valued at $29,542,000 after acquiring an additional 7,610 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Onespan by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock worth $33,364,000 after acquiring an additional 69,138 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Onespan by 31.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after acquiring an additional 349,648 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Onespan by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock worth $22,171,000 after acquiring an additional 22,135 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Onespan Stock Performance

Shares of OSPN stock opened at $16.10 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. Onespan Inc has a fifty-two week low of $10.07 and a fifty-two week high of $18.48. The firm’s 50 day moving average price is $15.74 and its two-hundred day moving average price is $13.37. The stock has a market cap of $593.28 million, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.

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

Onespan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were paid a $0.13 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.2%. Onespan’s dividend payout ratio (DPR) is 29.21%.

Insider Activity

In related news, CFO Jorge Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the sale, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OSPN shares. Weiss Ratings raised shares of Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Rosenblatt Securities lifted their price target on shares of Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, DA Davidson boosted their price objective on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.00.

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.