Pacer Advisors Inc. Acquires New Position in Onespan Inc (NASDAQ:OSPN)

Pacer Advisors Inc. acquired a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 214,828 shares of the company's stock, valued at approximately $3,276,000. Pacer Advisors Inc. owned about 0.56% of Onespan at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OSPN. Copeland Capital Management LLC bought a new position in Onespan in the first quarter valued at approximately $64,000. State of Tennessee Department of Treasury bought a new position in Onespan in the fourth quarter valued at approximately $147,000. KLP Kapitalforvaltning AS bought a new position in Onespan in the fourth quarter valued at approximately $152,000. MQS Management LLC bought a new position in Onespan in the first quarter valued at approximately $158,000. Finally, NewEdge Advisors LLC bought a new position in Onespan in the fourth quarter valued at approximately $189,000. 95.52% of the stock is owned by institutional investors.

Onespan Stock Performance

NASDAQ OSPN opened at $15.13 on Tuesday. The firm's fifty day moving average price is $16.09 and its two-hundred day moving average price is $16.47. The stock has a market cap of $578.42 million, a PE ratio of 10.29 and a beta of 1.15. Onespan Inc has a fifty-two week low of $12.78 and a fifty-two week high of $20.36.

Onespan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.17%. Onespan's payout ratio is presently 32.65%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OSPN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of Onespan in a research note on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Onespan Company 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.

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