BlackRock Inc. Invests $59.61 Million in Onespan Inc $OSPN

BlackRock Inc. purchased a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,153,763 shares of the company's stock, valued at approximately $59,607,000. BlackRock Inc. owned 11.27% of Onespan as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company's stock valued at $26,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC acquired a new position in Onespan in the fourth quarter valued at $32,000. Comerica Bank raised its position in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock worth $38,000 after buying an additional 2,021 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Onespan during the 4th quarter valued at $50,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Onespan by 12,342.3% during the fourth quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company's stock worth $83,000 after purchasing an additional 6,418 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSPN. Weiss Ratings upgraded Onespan from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Rosenblatt Securities lifted their target price on Onespan from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, DA Davidson boosted their target price on Onespan from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Onespan has an average rating of "Hold" and an average price target of $17.00.

Insider Buying and Selling

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the sale, the chief financial officer directly owned 91,018 shares in the company, valued at approximately $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Onespan Stock Down 0.1%

Shares of NASDAQ OSPN opened at $16.52 on Tuesday. The firm's 50-day simple moving average is $15.42 and its 200 day simple moving average is $13.11. The company has a market cap of $608.76 million, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $18.48. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. The business had revenue of $60.47 million during the quarter, compared to the consensus estimate of $58.25 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. On average, research analysts expect that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th. Onespan's dividend payout ratio is 29.21%.

About Onespan

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.

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