Topline Capital Management LLC Acquires Shares of 349,203 Onespan Inc $OSPN

Topline Capital Management LLC acquired a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 349,203 shares of the company’s stock, valued at approximately $5,549,000. Onespan makes up 1.0% of Topline Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Topline Capital Management LLC owned approximately 0.92% of Onespan at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OSPN. Legal & General Group Plc boosted its stake in Onespan by 1.2% during the second quarter. Legal & General Group Plc now owns 2,370,774 shares of the company’s stock valued at $39,568,000 after buying an additional 28,219 shares during the last quarter. First Trust Advisors LP increased its stake in Onespan by 25.1% in the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock worth $34,023,000 after acquiring an additional 428,983 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Onespan by 9.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,030,571 shares of the company’s stock worth $33,890,000 after acquiring an additional 181,094 shares in the last quarter. Simcoe Capital Management LLC raised its holdings in shares of Onespan by 167.5% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after acquiring an additional 747,578 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Onespan by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,050,308 shares of the company’s stock valued at $16,689,000 after acquiring an additional 37,516 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on OSPN. DA Davidson cut their target price on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Zacks Research cut shares of Onespan from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. 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, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.67.

Onespan Stock Performance

NASDAQ:OSPN opened at $10.55 on Friday. The firm has a market capitalization of $395.31 million, a PE ratio of 5.61, a PEG ratio of 0.97 and a beta of 1.54. The stock’s fifty day moving average is $11.54 and its 200 day moving average is $13.18. Onespan Inc has a fifty-two week low of $10.16 and a fifty-two week high of $18.13.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Equities analysts forecast that Onespan Inc will post 1.11 EPS for the current year.

Onespan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, March 13th. This is a positive change from Onespan’s previous quarterly dividend of $0.12. Onespan’s payout ratio is currently 25.53%.

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.