Raymond James Financial Inc. Has $2.95 Million Stake in Onespan Inc $OSPN

Raymond James Financial Inc. decreased its stake in Onespan Inc (NASDAQ:OSPN) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,632 shares of the company’s stock after selling 7,490 shares during the quarter. Raymond James Financial Inc. owned approximately 0.51% of Onespan worth $2,953,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in Onespan by 14.6% in the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock valued at $94,000 after buying an additional 783 shares in the last quarter. California State Teachers Retirement System boosted its stake in Onespan by 4.0% in the 4th quarter. California State Teachers Retirement System now owns 33,769 shares of the company’s stock valued at $626,000 after buying an additional 1,288 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Onespan by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company’s stock valued at $395,000 after buying an additional 3,994 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Onespan in the 1st quarter valued at $64,000. Finally, Cerity Partners LLC boosted its stake in Onespan by 51.7% in the 1st quarter. Cerity Partners LLC now owns 15,567 shares of the company’s stock valued at $237,000 after buying an additional 5,304 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Onespan Stock Performance

Shares of OSPN opened at $15.21 on Monday. The company has a market cap of $583.00 million, a price-to-earnings ratio of 10.07 and a beta of 1.30. Onespan Inc has a 52-week low of $12.51 and a 52-week high of $20.36. The stock has a fifty day moving average price of $15.10 and a two-hundred day moving average price of $15.46.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. Onespan’s payout ratio is presently 31.79%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OSPN shares. B. Riley started coverage on Onespan in a research report on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price objective for the company. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Rosenblatt Securities cut their price objective on Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $19.67.

Onespan Company 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.