154,119 Shares in Onespan Inc (NASDAQ:OSPN) Purchased by Meritage Portfolio Management

Meritage Portfolio Management purchased a new position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 154,119 shares of the company's stock, valued at approximately $2,350,000. Meritage Portfolio Management owned about 0.40% of Onespan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of OSPN. Copeland Capital Management LLC bought a new stake in Onespan during the first quarter valued at $64,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Onespan in the 4th quarter valued at about $109,000. State of Tennessee Department of Treasury bought a new stake in shares of Onespan during the 4th quarter valued at about $147,000. KLP Kapitalforvaltning AS bought a new stake in shares of Onespan during the 4th quarter valued at about $152,000. Finally, NewEdge Advisors LLC acquired a new stake in Onespan during the fourth quarter worth about $189,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OSPN shares. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Onespan in a research note on Friday, May 2nd. Wall Street Zen lowered Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Onespan Price Performance

Shares of Onespan stock traded up $0.31 on Friday, hitting $17.50. The company had a trading volume of 314,092 shares, compared to its average volume of 403,041. The business has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $16.79. The company has a market cap of $669.03 million, a PE ratio of 11.90 and a beta of 1.15. Onespan Inc has a 52 week low of $12.35 and a 52 week high of $20.37.

Onespan Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's dividend payout ratio (DPR) is presently 32.65%.

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.