Onespan Inc $OSPN Shares Purchased by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo Inc. increased its stake in Onespan by 101.4% in Q4 to 383,925 shares — roughly 1.01% of the company valued at about $4.93 million.
• Onespan beat quarterly estimates with EPS of $0.36 versus $0.31 and revenue of $62.92M, and raised its quarterly dividend to $0.13 (annualized yield ~4.8%).
• CFO Jorge Garcia Martell sold 15,000 shares at an average $10.33 (reducing his stake by ~12%), while analysts remain mixed with a consensus "Hold" rating and a $16.67 target price.

Deprince Race & Zollo Inc. lifted its stake in Onespan Inc (NASDAQ:OSPN - Free Report) by 101.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 383,925 shares of the company's stock after acquiring an additional 193,304 shares during the quarter. Deprince Race & Zollo Inc. owned 1.01% of Onespan worth $4,930,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in shares of Onespan in the 3rd quarter worth approximately $5,549,000. Clark Estates Inc. NY acquired a new position in shares of Onespan in the 3rd quarter worth approximately $2,479,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Onespan by 43.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 366,143 shares of the company's stock worth $5,818,000 after acquiring an additional 111,544 shares during the last quarter. Simcoe Capital Management LLC lifted its holdings in shares of Onespan by 167.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company's stock worth $18,970,000 after acquiring an additional 747,578 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Onespan by 25.1% in the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company's stock worth $34,023,000 after acquiring an additional 428,983 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 15,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the sale, the chief financial officer directly owned 110,218 shares in the company, valued at $1,138,551.94. This represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Zacks Research lowered shares of Onespan from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Onespan in a report on Friday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.67.

Onespan Stock Up 3.2%

Onespan stock opened at $10.94 on Tuesday. The firm has a market cap of $409.89 million, a PE ratio of 5.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $18.13. The company's 50 day moving average is $10.83 and its two-hundred day moving average is $12.44.

Onespan (NASDAQ:OSPN - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $62.92 million for the quarter, compared to analyst estimates of $59.78 million. Onespan had a net margin of 29.98% and a return on equity of 19.58%. On average, equities research analysts anticipate that Onespan Inc will post 1.11 earnings per share for the current fiscal year.

Onespan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.13 per share. This is a boost from Onespan's previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 13th. This represents a $0.52 dividend on an annualized basis and a yield of 4.8%. Onespan's dividend payout ratio (DPR) is currently 27.66%.

Onespan Company Profile

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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