Seizert Capital Partners LLC Makes New $1.02 Million Investment in Onespan Inc $OSPN

Seizert Capital Partners LLC purchased a new stake in Onespan Inc (NASDAQ:OSPN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 61,123 shares of the company’s stock, valued at approximately $1,020,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in Onespan by 49.3% in the 1st quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock valued at $1,324,000 after acquiring an additional 28,660 shares in the last quarter. AQR Capital Management LLC increased its holdings in Onespan by 55.3% during the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock worth $8,631,000 after purchasing an additional 201,585 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Onespan by 21.3% in the 2nd quarter. Acadian Asset Management LLC now owns 985,370 shares of the company’s stock valued at $16,438,000 after purchasing an additional 173,185 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Onespan by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 219,960 shares of the company’s stock valued at $3,354,000 after purchasing an additional 15,089 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of Onespan during the first quarter worth about $1,827,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Insider Activity at Onespan

In related news, Director Michael J. Mcconnell purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average price of $11.96 per share, for a total transaction of $598,000.00. Following the purchase, the director owned 83,763 shares in the company, valued at approximately $1,001,805.48. This represents a 148.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Rosenblatt Securities decreased their price objective on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onespan in a research report on Thursday, November 13th. DA Davidson lowered 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. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, B. Riley started coverage on shares of Onespan in a report on Tuesday, August 26th. They set a “buy” rating and a $23.00 target price for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.00.

Onespan Stock Performance

Shares of NASDAQ:OSPN opened at $12.03 on Wednesday. Onespan Inc has a 52-week low of $11.00 and a 52-week high of $20.36. The company has a 50-day simple moving average of $14.81 and a 200 day simple moving average of $15.26. The company has a market capitalization of $457.46 million, a P/E ratio of 7.97 and a beta of 1.33.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Onespan had a return on equity of 19.75% and a net margin of 24.90%.The business had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $58.18 million. Onespan has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, November 14th. Onespan’s dividend payout ratio (DPR) 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.