Allianz Asset Management GmbH Buys New Shares 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 stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Onespan during the first quarter valued at approximately $195,000. Victory Capital Management Inc. grew its holdings in shares of Onespan by 49.3% during the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company's stock valued at $1,324,000 after purchasing an additional 28,660 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Onespan by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock valued at $395,000 after purchasing an additional 3,994 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Onespan by 1,501.9% during the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company's stock valued at $649,000 after purchasing an additional 39,906 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Onespan by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company's stock valued at $546,000 after purchasing an additional 12,332 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Onespan Stock Down 3.2%

OSPN traded down $0.47 during trading on Friday, reaching $14.28. The stock had a trading volume of 379,045 shares, compared to its average volume of 370,423. The firm has a market capitalization of $545.92 million, a price-to-earnings ratio of 9.71 and a beta of 1.12. Onespan Inc has a 1-year low of $12.78 and a 1-year high of $20.36. The stock has a 50 day moving average of $16.00 and a two-hundred day moving average of $16.37.

Onespan Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OSPN shares. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen downgraded Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.