Eaton Vance Management acquired a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 282,591 shares of the company’s stock, valued at approximately $5,383,000. Eaton Vance Management owned approximately 0.70% of Onespan as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of OSPN. Texas Permanent School Fund acquired a new position in shares of Onespan in the 2nd quarter valued at about $383,000. Piedmont Investment Advisors LLC acquired a new position in shares of Onespan in the 2nd quarter valued at about $139,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Onespan in the 2nd quarter valued at about $210,000. Comerica Bank acquired a new position in shares of Onespan in the 2nd quarter valued at about $640,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Onespan in the 2nd quarter valued at about $718,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.
OSPN has been the topic of several research analyst reports. ValuEngine raised Onespan from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research lowered Onespan from a “hold” rating to a “sell” rating in a research note on Saturday, November 3rd. Imperial Capital raised Onespan from an “in-line” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, November 5th. Finally, Sidoti initiated coverage on Onespan in a research note on Monday, December 3rd. They issued a “buy” rating on the stock.
Shares of NASDAQ:OSPN opened at $15.68 on Friday. The stock has a market cap of $656.18 million, a P/E ratio of 36.47, a P/E/G ratio of 5.02 and a beta of 1.80. Onespan Inc has a one year low of $11.55 and a one year high of $25.45.
Onespan (NASDAQ:OSPN) last announced its earnings results on Tuesday, October 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The company had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $54.09 million. Onespan had a negative net margin of 12.85% and a positive return on equity of 6.38%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that Onespan Inc will post 0.33 earnings per share for the current year.
In related news, Director T Kendall Hunt sold 8,706 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $17.96, for a total transaction of $156,359.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 22.48% of the company’s stock.
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OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.
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