2,177,532 Shares in Onespan Inc $OSPN Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new position in Onespan Inc (NASDAQ:OSPN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,177,532 shares of the company’s stock, valued at approximately $31,248,000. Legal & General Group Plc owned approximately 5.91% of Onespan at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 900 shares during the period. Deutsche Bank AG boosted its stake in Onespan by 4.7% during the fourth quarter. Deutsche Bank AG now owns 33,569 shares of the company’s stock valued at $431,000 after buying an additional 1,522 shares during the period. Amundi grew its position in Onespan by 10.0% during the fourth quarter. Amundi now owns 18,463 shares of the company’s stock worth $237,000 after buying an additional 1,676 shares in the last quarter. GAMMA Investing LLC grew its position in Onespan by 33.7% during the second quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock worth $100,000 after buying an additional 1,755 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Onespan by 15.5% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,750 shares of the company’s stock worth $177,000 after buying an additional 1,850 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Onespan Stock Up 0.5%

Shares of NASDAQ OSPN opened at $16.54 on Friday. The stock has a market capitalization of $609.50 million, a P/E ratio of 9.29, a PEG ratio of 1.43 and a beta of 1.53. Onespan Inc has a one year low of $10.07 and a one year high of $18.48. The firm’s 50 day simple moving average is $15.35 and its two-hundred day simple moving average is $13.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.23.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share 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 during the quarter, compared to analyst estimates of $58.25 million. As a group, analysts expect that Onespan Inc will post 1.05 EPS for the current fiscal year.

Onespan Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on OSPN. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson boosted their price objective on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, Rosenblatt Securities boosted their price target on shares of Onespan from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Onespan presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Insider Transactions at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Onespan Company Profile

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.