Onespan Inc $OSPN Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in Onespan Inc (NASDAQ:OSPN) by 90.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,691 shares of the company’s stock after selling 1,388,569 shares during the quarter. First Trust Advisors LP owned about 0.40% of Onespan worth $1,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 900 shares in the last quarter. Comerica Bank boosted its holdings in Onespan by 455.2% in 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in Onespan in the fourth quarter worth about $32,000. Global Retirement Partners LLC purchased a new stake in shares of Onespan during the fourth quarter worth about $50,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Onespan by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after acquiring an additional 3,816 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OSPN shares. Weiss Ratings upgraded shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Rosenblatt Securities boosted their target price on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. DA Davidson upped their price target on shares of Onespan from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Onespan Price Performance

NASDAQ:OSPN opened at $16.78 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23. The company has a 50 day moving average price of $14.83 and a 200-day moving average price of $12.61. Onespan Inc has a 1-year low of $10.07 and a 1-year high of $18.48. The firm has a market cap of $618.34 million, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The firm had revenue of $60.47 million for the quarter, compared to the consensus estimate of $58.25 million. Equities research analysts forecast that Onespan Inc will post 1.05 EPS for the current year.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Onespan’s dividend payout ratio is presently 29.21%.

Insider Activity at Onespan

In related news, CFO Jorge Garcia Martell sold 20,000 shares of Onespan stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the transaction, the chief financial officer owned 91,018 shares in the company, valued at $1,315,210.10. The trade was a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

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.