Allianz Asset Management GmbH Acquires 111,805 Shares of Onespan Inc $OSPN

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Onespan Inc by acquiring 111,805 shares, raising their total holdings by 93.3% to 231,610 shares valued at approximately $3.87 million.
• Onespan's quarterly dividend of $0.12 was recently paid out, yielding an annualized dividend of 3.0% with a payout ratio of 31.79%.
• Research analysts have given Onespan a mostly favorable outlook, with several upgrades to "buy" ratings and an average target price of $19.67.

Allianz Asset Management GmbH boosted its holdings in Onespan Inc (NASDAQ:OSPN - Free Report) by 93.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,610 shares of the company's stock after acquiring an additional 111,805 shares during the quarter. Allianz Asset Management GmbH owned 0.61% of Onespan worth $3,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OSPN. Nuveen LLC bought a new position in Onespan in the 1st quarter valued at approximately $3,594,000. Pacer Advisors Inc. bought a new position in Onespan in the 1st quarter valued at approximately $3,276,000. AQR Capital Management LLC lifted its position in Onespan by 55.3% in the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company's stock valued at $8,631,000 after acquiring an additional 201,585 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Onespan by 8.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,341,305 shares of the company's stock valued at $35,709,000 after acquiring an additional 177,011 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new position in Onespan in the 1st quarter valued at approximately $2,550,000. 95.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Onespan

In related news, Director Garry L. Capers acquired 2,000 shares of Onespan stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director directly owned 36,894 shares of the company's stock, valued at approximately $482,204.58. This trade represents a 5.73% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc Zenner acquired 2,200 shares of Onespan stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $12.80 per share, with a total value of $28,160.00. Following the completion of the purchase, the director directly owned 71,273 shares in the company, valued at $912,294.40. This represents a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company's stock.

Onespan Price Performance

NASDAQ:OSPN opened at $15.80 on Friday. The firm has a market capitalization of $605.61 million, a price-to-earnings ratio of 10.46 and a beta of 1.32. Onespan Inc has a one year low of $12.51 and a one year high of $20.36. The business has a fifty day moving average price of $15.31 and a 200-day moving average price of $15.41.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 15th. Onespan's dividend payout ratio is 31.79%.

Analyst Upgrades and Downgrades

OSPN has been the topic of several research analyst reports. Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of Onespan in a report on Wednesday, October 8th. Rosenblatt Securities lowered their price target on Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, B. Riley initiated coverage on Onespan in a report on Tuesday, August 26th. They set a "buy" rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Onespan has an average rating of "Moderate 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.

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