Allianz Asset Management GmbH Takes Position in Onespan Inc (NASDAQ:OSPN)

Key Points

• Allianz Asset Management GmbH has acquired a new stake in Onespan Inc, purchasing 119,805 shares valued at approximately $1.83 million, representing 0.31% ownership of the company.
• Onespan recently announced a quarterly dividend of $0.12, which equates to an annualized dividend yield of 3.23% and a payout ratio of 32.65%.
• Several Wall Street analysts have recently changed their ratings on Onespan, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Rosenblatt Securities maintained a "buy" rating with a target price of $20.00.

Allianz Asset Management GmbH acquired a new position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 119,805 shares of the company's stock, valued at approximately $1,827,000. Allianz Asset Management GmbH owned about 0.31% of Onespan at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Onespan by 4.0% during the 4th quarter. California State Teachers Retirement System now owns 33,769 shares of the company's stock worth $626,000 after purchasing an additional 1,288 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Onespan by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock worth $395,000 after buying an additional 3,994 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Onespan during the 1st quarter worth about $64,000. Cerity Partners LLC lifted its stake in shares of 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Onespan by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 863,224 shares of the company's stock worth $16,008,000 after buying an additional 5,750 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Onespan Price Performance

Onespan stock traded down $0.47 during midday trading on Friday, hitting $14.28. The company's stock had a trading volume of 379,045 shares, compared to its average volume of 408,797. Onespan Inc has a 1-year low of $12.78 and a 1-year high of $20.36. The company has a 50-day moving average price of $16.03 and a two-hundred day moving average price of $16.42. The company has a market cap of $545.92 million, a price-to-earnings ratio of 9.71 and a beta of 1.15.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.4%. Onespan's payout ratio is 32.65%.

Analysts Set New Price Targets

OSPN has been the subject of a number of research reports. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Onespan in a research note on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.