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

Meritage Portfolio Management acquired a new position in Onespan Inc (NASDAQ:OSPN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 154,119 shares of the company's stock, valued at approximately $2,350,000. Meritage Portfolio Management owned about 0.40% of Onespan at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Copeland Capital Management LLC purchased a new position in Onespan during the first quarter valued at approximately $64,000. Steward Partners Investment Advisory LLC purchased a new position in Onespan during the fourth quarter valued at approximately $109,000. State of Tennessee Department of Treasury purchased a new position in Onespan during the fourth quarter valued at approximately $147,000. KLP Kapitalforvaltning AS purchased a new position in Onespan during the fourth quarter valued at approximately $152,000. Finally, NewEdge Advisors LLC purchased a new position in Onespan during the fourth quarter valued at approximately $189,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OSPN. Wall Street Zen downgraded shares of Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. 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.

Onespan Stock Performance

Shares of Onespan stock traded up $0.33 on Monday, hitting $17.82. 457,032 shares of the company traded hands, compared to its average volume of 403,257. The stock has a market capitalization of $681.26 million, a P/E ratio of 12.12 and a beta of 1.15. Onespan Inc has a 52 week low of $12.39 and a 52 week high of $20.37. The business has a 50-day simple moving average of $16.07 and a 200 day simple moving average of $16.77.

Onespan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's dividend payout ratio is presently 32.65%.

About Onespan

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.