Dimensional Fund Advisors LP Purchases 349,648 Shares of Onespan Inc $OSPN

Key Points

• Dimensional Fund Advisors increased its OneSpan stake by 31.4%, purchasing 349,648 shares and bringing its holdings to 1.46 million shares, or 3.95% of the company. Institutional investors collectively own 95.52% of OneSpan.
• OneSpan exceeded quarterly expectations, reporting $0.30 in adjusted earnings per share versus the $0.23 consensus estimate and revenue of $60.47 million versus $58.25 million expected.
• The company declared a quarterly dividend of $0.13 per share, equal to an annualized $0.52 payout and a 3.1% yield. Analysts maintain an overall “Hold” rating, with an average price target of $19.

Dimensional Fund Advisors LP increased its position in Onespan Inc (NASDAQ:OSPN - Free Report) by 31.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,464,524 shares of the company's stock after buying an additional 349,648 shares during the period. Dimensional Fund Advisors LP owned 3.95% of Onespan worth $15,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock valued at $38,000 after purchasing an additional 2,021 shares during the last quarter. Royal Bank of Canada raised its holdings in Onespan by 37.0% during the first quarter. Royal Bank of Canada now owns 67,916 shares of the company's stock valued at $1,036,000 after buying an additional 18,328 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Onespan by 7.4% in the second quarter. Rhumbline Advisers now owns 58,546 shares of the company's stock worth $977,000 after buying an additional 4,027 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Onespan by 13.3% in the second quarter. American Century Companies Inc. now owns 94,218 shares of the company's stock worth $1,572,000 after buying an additional 11,032 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Onespan by 85.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 64,353 shares of the company's stock worth $1,076,000 after acquiring an additional 29,738 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

Onespan Trading Up 3.3%

Shares of NASDAQ:OSPN opened at $16.78 on Friday. The company has a market cap of $618.38 million, a P/E ratio of 9.43, a P/E/G ratio of 1.46 and a beta of 1.53. The stock's 50-day moving average is $14.83 and its 200-day moving average is $12.61. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $18.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.33.

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

Onespan Announces Dividend

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

Insider Buying and Selling at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the sale, the chief financial officer directly owned 91,018 shares of the company's stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OSPN. Weiss Ratings raised Onespan from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 20th. 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. Wall Street Zen cut Onespan from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Rosenblatt Securities increased their price target on Onespan from $16.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Zacks Research raised shares of Onespan from a "strong sell" rating to a "hold" rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.00.

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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