Russell Investments Group Ltd. Has $529,000 Stake in Onespan Inc $OSPN

Russell Investments Group Ltd. boosted its stake in Onespan Inc (NASDAQ:OSPN) by 230,666.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,615 shares of the company’s stock after buying an additional 34,600 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Onespan worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OSPN. Copeland Capital Management LLC acquired a new position in Onespan in the first quarter worth $64,000. Meeder Asset Management Inc. boosted its stake in Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock worth $94,000 after purchasing an additional 783 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Onespan in the fourth quarter worth $147,000. MQS Management LLC acquired a new position in Onespan in the first quarter worth $158,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Onespan in the first quarter worth $183,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OSPN. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Rosenblatt Securities dropped their target price on Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, B. Riley started coverage on Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $19.67.

Onespan Stock Up 1.9%

OSPN stock opened at $15.13 on Monday. The company has a market cap of $579.93 million, a P/E ratio of 10.02 and a beta of 1.30. Onespan Inc has a twelve month low of $12.51 and a twelve month high of $20.36. The business has a fifty day moving average of $15.21 and a 200-day moving average of $15.61.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 15th. Onespan’s dividend payout ratio is currently 31.79%.

Insider Transactions at Onespan

In related news, Director Marc Zenner acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the acquisition, the director owned 71,273 shares of the company’s stock, valued at $912,294.40. This trade represents a 3.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Garry L. Capers acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average price of $13.07 per share, with a total value of $26,140.00. Following the acquisition, the director directly owned 36,894 shares of the company’s stock, valued at $482,204.58. The trade was a 5.73% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.90% 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.