FourThought Financial Partners LLC Makes New Investment in Onespan Inc $OSPN

FourThought Financial Partners LLC purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,295 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Onespan during the 3rd quarter worth about $26,000. International Assets Investment Management LLC bought a new stake in shares of Onespan during the 4th quarter worth about $32,000. Comerica Bank raised its position in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Onespan during the 4th quarter worth about $50,000. Finally, Tower Research Capital LLC TRC raised 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 buying an additional 3,816 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on OSPN. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. DA Davidson lowered their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Onespan presently has an average rating of “Hold” and a consensus target price of $16.67.

Onespan Price Performance

Shares of OSPN opened at $12.82 on Friday. The firm’s 50 day moving average is $11.24 and its 200-day moving average is $11.76. The stock has a market capitalization of $475.24 million, a P/E ratio of 7.08, a P/E/G ratio of 1.18 and a beta of 1.47. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $18.13.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. As a group, equities research analysts forecast that Onespan Inc will post 1 EPS for the current fiscal year.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, May 14th. Onespan’s dividend payout ratio (DPR) is 28.73%.

Insider Buying and Selling at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the transaction, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at $1,138,551.94. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently 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.