Range Financial Group LLC Buys 112,112 Shares of Onespan Inc $OSPN

Key Points

• Range Financial Group LLC acquired 112,112 OneSpan shares worth approximately $2.0 million in the third quarter, giving it a roughly 0.30% stake. Institutional investors collectively own 95.52% of the company.
• OneSpan reported quarterly EPS of $0.30, exceeding the $0.23 analyst consensus, while revenue of $60.47 million also topped expectations. Analysts project full-year EPS of $1.05.
• The stock was trading at $18.25, near its 12-month high, and the company pays a quarterly dividend of $0.13, representing a 2.8% annualized yield. Analyst sentiment is “Moderate Buy,” with a consensus price target of $17.00.

Range Financial Group LLC bought a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 112,112 shares of the company's stock, valued at approximately $2,008,000. Range Financial Group LLC owned approximately 0.30% of Onespan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in OSPN. GAMMA Investing LLC raised its stake in shares of Onespan by 11.8% in the third quarter. GAMMA Investing LLC now owns 7,781 shares of the company's stock worth $139,000 after acquiring an additional 821 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Onespan during the second quarter worth approximately $222,000. Integrated Wealth Concepts LLC bought a new stake in shares of Onespan during the second quarter valued at approximately $88,000. Spark Investment Management LLC bought a new stake in shares of Onespan during the second quarter valued at approximately $191,000. Finally, Allworth Financial LP grew its stake in shares of Onespan by 201.0% during the second quarter. Allworth Financial LP now owns 2,528 shares of the company's stock valued at $36,000 after purchasing an additional 1,688 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Onespan Stock Up 3.5%

NASDAQ:OSPN opened at $18.25 on Wednesday. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $18.83. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $672.55 million, a P/E ratio of 10.25, a P/E/G ratio of 1.53 and a beta of 1.59. The stock's fifty day simple moving average is $17.10 and its 200-day simple moving average is $14.82.

Onespan (NASDAQ:OSPN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. The firm had revenue of $60.47 million for the quarter, compared to analysts' expectations of $58.25 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. Equities research analysts expect that Onespan Inc will post 1.05 earnings per share for the current year.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.8%. Onespan's payout ratio is currently 29.21%.

Analyst Ratings Changes

OSPN has been the subject of several research reports. Rosenblatt Securities lifted their target price on Onespan from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 14th. Finally, DA Davidson upped their price target on Onespan from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Onespan has an average rating of "Moderate Buy" and a consensus price target of $17.00.

About Onespan

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic-signature solutions designed to help organizations secure online transactions and agreements. Its offerings support financial institutions, businesses and government organizations as they manage digital interactions, protect user access and meet security and compliance requirements.

The company's portfolio includes multi-factor authentication, mobile and hardware authentication devices, transaction signing, identity verification and electronic-signature software.

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