Onespan Inc $OSPN Stock Holdings Increased by First Trust Advisors LP

Key Points

• First Trust Advisors LP increased its stake in Onespan by 25.1% in Q3 to 2,141,141 shares, representing roughly 5.63% ownership worth about $34.0 million, amid overall institutional ownership of ~95.5%.
• OneSpan raised its quarterly dividend to $0.13 (annualized $0.52), implying a ~4.9% yield with an ex-dividend date of March 13 and a payout ratio of about 25.5%.
• OneSpan recently beat expectations with Q results of $0.36 EPS vs. $0.31 expected and $62.92M revenue vs. $59.78M expected; the stock trades at a PE of 5.69, market cap ≈ $400M, and carries a consensus analyst rating of "Hold" with a $16.67 target.

First Trust Advisors LP lifted its holdings in Onespan Inc (NASDAQ:OSPN - Free Report) by 25.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,141,141 shares of the company's stock after buying an additional 428,983 shares during the quarter. First Trust Advisors LP owned approximately 5.63% of Onespan worth $34,023,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in OSPN. State of Alaska Department of Revenue bought a new stake in shares of Onespan during the third quarter valued at approximately $26,000. Comerica Bank increased its position in 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 acquiring an additional 2,021 shares during the period. Tower Research Capital LLC TRC increased its position in Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company's stock valued at $86,000 after acquiring an additional 3,816 shares during the period. Copeland Capital Management LLC raised its stake in Onespan by 107.4% during the 3rd quarter. Copeland Capital Management LLC now owns 10,204 shares of the company's stock valued at $162,000 after acquiring an additional 5,284 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Onespan during the 3rd quarter worth $189,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Onespan Stock Down 1.2%

OSPN opened at $10.69 on Friday. The firm has a market cap of $400.55 million, a PE ratio of 5.69, a P/E/G ratio of 0.98 and a beta of 1.54. The business has a fifty day simple moving average of $11.58 and a 200-day simple moving average of $13.20. Onespan Inc has a fifty-two week low of $10.16 and a fifty-two week high of $18.13.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $62.92 million for the quarter, compared to analysts' expectations 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 EPS for the current fiscal year.

Onespan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Onespan's previous quarterly dividend of $0.12. Onespan's dividend payout ratio (DPR) is presently 25.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on OSPN. Wall Street Zen cut Onespan from a "buy" rating to a "hold" rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Onespan in a report on Monday, December 29th. DA Davidson lowered their target price on shares of Onespan from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Finally, Zacks Research lowered shares of Onespan from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Onespan has an average rating of "Hold" and a consensus target price of $16.67.

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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