113,914 Shares in Onespan Inc $OSPN Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 113,914 shares of the company’s stock, valued at approximately $1,635,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA grew 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 buying an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in Onespan during the fourth quarter worth about $32,000. Allworth Financial LP bought a new stake in Onespan during the second quarter worth about $36,000. Comerica Bank grew its holdings in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Onespan in the fourth quarter worth about $50,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OSPN shares. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson upped their price target on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Rosenblatt Securities raised their price objective on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised Onespan from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.

Onespan Stock Down 1.3%

NASDAQ:OSPN 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. The firm has a market cap of $567.12 million, a P/E ratio of 8.65, a P/E/G ratio of 1.35 and a beta of 1.53. Onespan Inc has a fifty-two week low of $10.07 and a fifty-two week high of $18.48. The firm has a 50-day simple moving average of $15.20 and a two-hundred day simple moving average of $12.97.

Onespan (NASDAQ:OSPN) last issued 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. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The firm had revenue of $60.47 million for the quarter, compared to the consensus estimate of $58.25 million. Analysts predict that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.52 annualized dividend and a yield of 3.4%. Onespan’s dividend payout ratio is 29.21%.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the stock in a transaction on 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% 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.