Onespan Inc $OSPN Shares Purchased by Scalar Gauge Management LLC

Scalar Gauge Management LLC lifted its position in shares of Onespan Inc (NASDAQ:OSPN) by 26.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Onespan comprises about 1.7% of Scalar Gauge Management LLC’s holdings, making the stock its 20th largest position. Scalar Gauge Management LLC’s holdings in Onespan were worth $3,416,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OSPN. State of Alaska Department of Revenue purchased a new position in Onespan during the 3rd quarter worth $26,000. Comerica Bank grew its holdings in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the period. Copeland Capital Management LLC lifted its holdings in Onespan by 16.4% in the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after acquiring an additional 692 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Onespan by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after purchasing an additional 3,816 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Onespan during the third quarter worth about $189,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Rosenblatt Securities reduced their target price on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. DA Davidson cut their price target on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Onespan currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Insider Buying and Selling

In other Onespan news, Director Michael J. Mcconnell acquired 50,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $11.96 per share, for a total transaction of $598,000.00. Following the acquisition, the director directly owned 83,763 shares of the company’s stock, valued at $1,001,805.48. This trade represents a 148.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Onespan Stock Performance

NASDAQ OSPN opened at $12.03 on Tuesday. The firm has a market capitalization of $457.50 million, a price-to-earnings ratio of 8.18 and a beta of 1.50. The company’s 50 day moving average price is $12.51 and its 200 day moving average price is $13.96. Onespan Inc has a one year low of $11.00 and a one year high of $20.36.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The firm had revenue of $57.06 million during the quarter, compared to the consensus estimate of $58.18 million. Sell-side analysts forecast that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, November 14th. Onespan’s dividend payout ratio is presently 32.65%.

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.