Jupiter Asset Management Ltd. Increases Stock Holdings in Onespan Inc $OSPN

Jupiter Asset Management Ltd. boosted its position in shares of Onespan Inc (NASDAQ:OSPN) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,599 shares of the company’s stock after purchasing an additional 9,864 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.66% of Onespan worth $4,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of Onespan by 21.3% during the 2nd quarter. Acadian Asset Management LLC now owns 985,370 shares of the company’s stock worth $16,438,000 after buying an additional 173,185 shares during the last quarter. CSM Advisors LLC purchased a new position in shares of Onespan during the 2nd quarter worth $3,651,000. Los Angeles Capital Management LLC increased its position in shares of Onespan by 53.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 147,976 shares of the company’s stock worth $2,470,000 after purchasing an additional 51,815 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Onespan by 9.8% during the 2nd quarter. Kovack Advisors Inc. now owns 126,225 shares of the company’s stock worth $2,107,000 after purchasing an additional 11,300 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Onespan by 8.2% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 110,029 shares of the company’s stock valued at $1,836,000 after buying an additional 8,373 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSPN has been the subject of several research analyst reports. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. DA Davidson decreased their price objective on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Wednesday, October 8th. B. Riley assumed coverage on shares of Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Rosenblatt Securities lowered their target price on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Insider Transactions at Onespan

In other news, Director Michael J. Mcconnell purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average price of $11.96 per share, for a total transaction of $598,000.00. Following the completion of the transaction, the director directly owned 83,763 shares in the company, valued at $1,001,805.48. This represents a 148.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Onespan Price Performance

Shares of NASDAQ:OSPN opened at $12.55 on Friday. The firm has a fifty day moving average price of $15.00 and a 200 day moving average price of $15.31. The stock has a market cap of $477.24 million, a P/E ratio of 8.31 and a beta of 1.33. Onespan Inc has a 1-year low of $11.00 and a 1-year high of $20.36.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Onespan had a return on equity of 19.75% and a net margin of 24.90%.The firm had revenue of $57.06 million during the quarter, compared to the consensus estimate of $58.18 million. Onespan has set its FY 2025 guidance at EPS. Sell-side analysts expect that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. Onespan’s dividend payout ratio is currently 32.65%.

Onespan Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.