Royce & Associates LP Makes New $770,000 Investment in Onespan Inc $OSPN

Royce & Associates LP acquired a new stake in Onespan Inc (NASDAQ:OSPN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 60,000 shares of the company’s stock, valued at approximately $770,000. Royce & Associates LP owned 0.16% of Onespan at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. increased its holdings in Onespan by 101.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 383,925 shares of the company’s stock valued at $4,930,000 after purchasing an additional 193,304 shares during the period. Topline Capital Management LLC bought a new stake in shares of Onespan in the 3rd quarter worth approximately $5,549,000. Clark Estates Inc. NY bought a new stake in shares of Onespan in the 3rd quarter worth approximately $2,479,000. Jupiter Asset Management Ltd. increased its stake in shares of Onespan by 43.8% during the third quarter. Jupiter Asset Management Ltd. now owns 366,143 shares of the company’s stock valued at $5,818,000 after buying an additional 111,544 shares during the period. Finally, Simcoe Capital Management LLC raised its holdings in shares of Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after acquiring an additional 747,578 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on OSPN shares. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. DA Davidson cut their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Onespan has a consensus rating of “Hold” and a consensus price target of $16.67.

Insider Buying and Selling

In other news, CFO Jorge Garcia Martell sold 15,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $10.33, for a total value of $154,950.00. Following the sale, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Onespan Stock Performance

Shares of OSPN opened at $14.44 on Monday. The stock has a market cap of $535.29 million, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.32 and a beta of 1.53. Onespan Inc has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The firm’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $11.82.

Onespan (NASDAQ:OSPN) last released its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The firm had revenue of $65.95 million during the quarter, compared to analyst estimates of $62.40 million. Equities research analysts predict that Onespan Inc will post 1 EPS for the current year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Onespan’s payout ratio is presently 28.73%.

Onespan 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.