190,621 Shares in Onespan Inc $OSPN Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 190,621 shares of the company’s stock, valued at approximately $3,029,000. Deprince Race & Zollo Inc. owned approximately 0.50% of Onespan as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank increased its stake in shares of Onespan by 455.2% during the 1st 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 last quarter. Copeland Capital Management LLC boosted its holdings 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 purchasing an additional 692 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Onespan by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after buying an additional 3,816 shares during the last quarter. Jump Financial LLC bought a new position in Onespan during the second quarter valued at about $196,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Onespan in the second quarter worth about $201,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Onespan

In related news, Director Michael J. Mcconnell acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were bought at an average price of $11.96 per share, for a total transaction of $598,000.00. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 22nd. Wall Street Zen raised Onespan from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. DA Davidson lowered their price target on Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Onespan has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Onespan Stock Up 1.2%

OSPN opened at $12.92 on Monday. The firm has a market capitalization of $491.35 million, a P/E ratio of 8.79 and a beta of 1.51. The stock’s 50 day moving average price is $13.05 and its two-hundred day moving average price is $14.56. Onespan Inc has a 12-month low of $11.00 and a 12-month high of $20.36.

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

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. Onespan’s dividend payout ratio is 32.65%.

Onespan Company 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.