Onespan Inc $OSPN Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Onespan Inc (NASDAQ:OSPN) by 16.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,712,158 shares of the company’s stock after purchasing an additional 236,109 shares during the period. First Trust Advisors LP’s holdings in Onespan were worth $28,576,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OSPN. Comerica Bank lifted its holdings in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC raised its position in Onespan by 16.4% in the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock worth $82,000 after acquiring an additional 692 shares in the last quarter. AlphaQuest LLC lifted its holdings in Onespan by 2,024,900.0% in the second quarter. AlphaQuest LLC now owns 20,250 shares of the company’s stock valued at $338,000 after acquiring an additional 20,249 shares during the period. Magnetar Financial LLC boosted its position in shares of Onespan by 93.4% during the 1st quarter. Magnetar Financial LLC now owns 22,216 shares of the company’s stock worth $339,000 after purchasing an additional 10,729 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Onespan by 23.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 23,068 shares of the company’s stock worth $385,000 after purchasing an additional 4,432 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Price Performance

Shares of Onespan stock opened at $13.19 on Thursday. Onespan Inc has a 1 year low of $11.00 and a 1 year high of $20.36. The business has a 50 day moving average price of $13.70 and a 200 day moving average price of $14.85. The company has a market capitalization of $501.62 million, a P/E ratio of 8.97 and a beta of 1.51.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The company had revenue of $57.06 million during the quarter, compared to the consensus estimate of $58.18 million. As a group, research analysts expect that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.6%. Onespan’s payout ratio is presently 32.65%.

Analyst Upgrades and Downgrades

Several analysts recently commented on OSPN shares. Rosenblatt Securities reduced their price objective on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research note on Monday. DA Davidson dropped their price objective on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. B. Riley began coverage on Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 target price on the stock. Finally, Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Insider Transactions at Onespan

In other news, Director Michael J. Mcconnell purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $11.96 per share, with a total value of $598,000.00. Following the purchase, the director directly owned 83,763 shares of the company’s stock, valued at approximately $1,001,805.48. This trade represents a 148.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Onespan Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.