Bank of America Corp DE trimmed its position in Onespan Inc (NASDAQ:OSPN) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,455 shares of the company’s stock after selling 30,071 shares during the period. Bank of America Corp DE owned approximately 0.22% of Onespan worth $1,159,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in OSPN. Dimensional Fund Advisors LP increased its stake in Onespan by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock worth $19,711,000 after purchasing an additional 15,311 shares in the last quarter. Renaissance Technologies LLC increased its stake in Onespan by 20.3% during the 3rd quarter. Renaissance Technologies LLC now owns 249,170 shares of the company’s stock worth $4,747,000 after purchasing an additional 41,970 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Onespan during the 3rd quarter worth approximately $445,000. Arizona State Retirement System increased its stake in Onespan by 6.2% during the 4th quarter. Arizona State Retirement System now owns 48,355 shares of the company’s stock worth $626,000 after purchasing an additional 2,839 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Onespan by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock worth $36,510,000 after purchasing an additional 105,798 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.
OSPN has been the subject of a number of research reports. TheStreet raised Onespan from a “c” rating to a “b-” rating in a research note on Monday, March 18th. Zacks Investment Research cut Onespan from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, ValuEngine raised Onespan from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Onespan presently has a consensus rating of “Buy” and a consensus target price of $19.50.
Shares of OSPN opened at $15.00 on Friday. The company has a market cap of $614.48 million, a PE ratio of 41.67, a price-to-earnings-growth ratio of 3.40 and a beta of 2.02. Onespan Inc has a twelve month low of $11.41 and a twelve month high of $25.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.45.
Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.16). The business had revenue of $47.61 million for the quarter, compared to the consensus estimate of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. Onespan’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, sell-side analysts expect that Onespan Inc will post 0.45 EPS for the current fiscal year.
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Onespan Company Profile
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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