Y Intercept Hong Kong Ltd Acquires 106,960 Shares of Onespan Inc $OSPN

Y Intercept Hong Kong Ltd raised its holdings in Onespan Inc (NASDAQ:OSPN) by 858.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,419 shares of the company’s stock after acquiring an additional 106,960 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Onespan were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the period. Comerica Bank increased its stake in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. International Assets Investment Management LLC purchased a new position in Onespan in the 4th quarter worth about $32,000. Global Retirement Partners LLC bought a new stake in Onespan during the 4th quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC boosted its position in Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after buying an additional 3,816 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

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 owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson restated a “neutral” rating and issued a $12.00 target price on shares of Onespan in a research note on Tuesday, June 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Onespan in a report on Thursday, June 25th. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.67.

Onespan Price Performance

NASDAQ OSPN traded down $0.04 during trading on Friday, reaching $15.17. 353,441 shares of the company’s stock traded hands, compared to its average volume of 383,805. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $17.46. The firm has a market cap of $562.35 million, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.36 and a beta of 1.53. The company’s 50 day simple moving average is $13.64 and its two-hundred day simple moving average is $12.21.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The firm had revenue of $65.95 million during the quarter, compared to analysts’ expectations of $62.40 million. Research analysts expect that Onespan Inc will post 1.02 earnings per share for the current fiscal year.

Onespan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.4%. Onespan’s dividend payout ratio is currently 28.73%.

Onespan 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.