Aviva PLC Has $495,000 Stake in Onespan Inc $OSPN

Aviva PLC lowered its stake in Onespan Inc (NASDAQ:OSPN) by 20.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,640 shares of the company’s stock after selling 7,805 shares during the quarter. Aviva PLC owned 0.08% of Onespan worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Comerica Bank grew its holdings in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the period. Copeland Capital Management LLC grew its stake in shares of Onespan by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after buying an additional 692 shares during the period. Meeder Asset Management Inc. increased its position 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. Kapitalo Investimentos Ltda bought a new stake in Onespan in the 1st quarter valued at about $183,000. Finally, Cerity Partners LLC raised its stake in Onespan by 51.7% during the 1st quarter. Cerity Partners LLC now owns 15,567 shares of the company’s stock worth $237,000 after buying an additional 5,304 shares during the period. 95.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Rosenblatt Securities reduced their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. B. Riley assumed coverage on shares of Onespan in a research note on Tuesday, August 26th. They set a “buy” rating and a $23.00 price target for the company. DA Davidson lowered their price objective on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Onespan Stock Performance

Shares of OSPN stock opened at $12.55 on Friday. The company has a market capitalization of $477.24 million, a price-to-earnings ratio of 8.31 and a beta of 1.33. Onespan Inc has a 52-week low of $11.00 and a 52-week high of $20.36. The company has a 50-day simple moving average of $15.00 and a two-hundred day simple moving average of $15.31.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $57.06 million for the quarter, compared to the consensus estimate of $58.18 million. Onespan had a return on equity of 19.75% and a net margin of 24.90%. Onespan has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Onespan Inc will post 1.11 EPS for the current fiscal year.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, November 14th. Onespan’s dividend payout ratio is 32.65%.

Insider Activity

In other Onespan news, Director Michael J. Mcconnell bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average cost of $11.96 per share, with a total value of $598,000.00. Following the transaction, the director directly owned 83,763 shares in the company, valued at $1,001,805.48. This trade represents a 148.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

About Onespan

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.