Public Employees Retirement System of Ohio Takes $814,000 Position in Onespan Inc $OSPN

Public Employees Retirement System of Ohio purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 56,750 shares of the company’s stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in Onespan in the 2nd quarter valued at about $229,000. Bank of America Corp DE purchased a new stake in shares of Onespan during the second quarter worth about $894,000. Hsbc Holdings PLC acquired a new position in shares of Onespan in the second quarter worth about $221,000. Ancora Advisors LLC acquired a new position in shares of Onespan in the second quarter worth about $349,000. Finally, Legal & General Group Plc purchased a new position in Onespan in the second quarter valued at about $31,248,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Stock Performance

Shares of OSPN stock opened at $16.10 on Thursday. The stock has a market capitalization of $593.28 million, a price-to-earnings ratio of 9.04, a PEG ratio of 1.40 and a beta of 1.57. Onespan Inc has a one year low of $10.07 and a one year high of $18.48. The company’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $13.37. 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 (NASDAQ:OSPN) last announced its quarterly earnings data 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 return on equity of 16.91% and a net margin of 27.76%.The firm had revenue of $60.47 million during the quarter, compared to analyst estimates of $58.25 million. Equities analysts anticipate that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

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

Insider Buying and Selling at Onespan

In related news, CFO Jorge Martell sold 20,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded Onespan from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Rosenblatt Securities increased their target price on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, DA Davidson raised their price target on shares of Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Onespan presently 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.