American Century Companies Inc. Grows Stock Position in Onespan Inc $OSPN

Key Points

• American Century Companies Inc. increased its holdings in ONESPAN INC by 28.4%, acquiring an additional 18,392 shares in the first quarter, bringing its total shares owned to 83,186.
• Several hedge funds have also taken positions in ONESPAN, with institutional investors owning 95.52% of the company's stock.
• ONESPAN announced a quarterly dividend of $0.12 per share, translating to an annualized yield of 3.2%, payable on September 5th to shareholders of record as of August 15th.

American Century Companies Inc. increased its stake in Onespan Inc (NASDAQ:OSPN - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,186 shares of the company's stock after purchasing an additional 18,392 shares during the period. American Century Companies Inc. owned approximately 0.22% of Onespan worth $1,269,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Onespan by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company's stock valued at $17,015,000 after acquiring an additional 70,525 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Onespan during the fourth quarter valued at approximately $1,123,000. Northern Trust Corp boosted its stake in shares of Onespan by 5.4% during the fourth quarter. Northern Trust Corp now owns 406,790 shares of the company's stock valued at $7,542,000 after purchasing an additional 20,854 shares during the period. AQR Capital Management LLC boosted its stake in shares of Onespan by 24.1% during the fourth quarter. AQR Capital Management LLC now owns 364,408 shares of the company's stock valued at $6,756,000 after purchasing an additional 70,815 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Onespan by 28.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock valued at $32,710,000 after purchasing an additional 395,222 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on OSPN shares. Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a research note on Friday. Rosenblatt Securities lowered their price objective on Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Finally, B. Riley assumed coverage on Onespan in a research report on Tuesday, August 26th. They set a "buy" rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $19.67.

Onespan Price Performance

Shares of OSPN stock traded down $0.09 during trading hours on Tuesday, reaching $15.51. 91,377 shares of the company traded hands, compared to its average volume of 418,045. Onespan Inc has a 12-month low of $12.51 and a 12-month high of $20.36. The firm has a 50-day moving average price of $15.08 and a 200 day moving average price of $15.45. The company has a market cap of $594.34 million, a P/E ratio of 10.28 and a beta of 1.30.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, August 15th. Onespan's dividend payout ratio is currently 31.79%.

Insider Buying and Selling at Onespan

In other Onespan news, Director Garry L. Capers purchased 2,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the purchase, the director owned 36,894 shares in the company, valued at $482,204.58. This represents a 5.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Zenner acquired 2,200 shares of the business's stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the acquisition, the director directly owned 71,273 shares of the company's stock, valued at approximately $912,294.40. This trade represents a 3.19% increase in their position. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by corporate insiders.

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.