Strs Ohio Purchases Shares of 35,000 Onespan Inc $OSPN

Key Points

• Strs Ohio has invested approximately $534,000 in a new position by purchasing 35,000 shares of Onespan Inc (NASDAQ: OSPN) during the first quarter, representing 0.09% ownership of the company.
• Wall Street analysts currently have a consensus Buy rating for Onespan, with an average target price set at $19.67, after several positive adjustments in ratings from different firms.
• Onespan has recently declared a quarterly dividend of $0.12 per share, with a dividend yield of 3.1%, and a payout ratio of 31.79%.

Strs Ohio acquired a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,000 shares of the company's stock, valued at approximately $534,000. Strs Ohio owned about 0.09% of Onespan as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSPN. Comerica Bank increased its holdings in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company's stock valued at $38,000 after buying an additional 2,021 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Onespan in the first quarter valued at about $64,000. Meeder Asset Management Inc. boosted its stake in Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after acquiring an additional 783 shares during the period. MQS Management LLC acquired a new position in Onespan in the first quarter valued at approximately $158,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Onespan in the first quarter valued at approximately $183,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OSPN has been the subject of a number of research reports. Wall Street Zen upgraded Onespan from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. B. Riley initiated coverage on Onespan in a research note on Tuesday, August 26th. They issued a "buy" rating and a $23.00 target price for the company. Finally, Rosenblatt Securities decreased their target price on Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $19.67.

Insider Activity at Onespan

In other news, Director Marc Zenner bought 2,200 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average price of $12.80 per share, with a total value of $28,160.00. Following the completion of the acquisition, the director directly owned 71,273 shares in the company, valued at approximately $912,294.40. This trade represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Garry L. Capers bought 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the acquisition, the director owned 36,894 shares of the company's stock, valued at $482,204.58. This represents a 5.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.90% of the stock is owned by insiders.

Onespan Trading Up 0.4%

NASDAQ:OSPN traded up $0.06 during midday trading on Monday, hitting $15.77. 310,459 shares of the stock were exchanged, compared to its average volume of 460,424. Onespan Inc has a one year low of $12.51 and a one year high of $20.36. The company has a market capitalization of $604.46 million, a price-to-earnings ratio of 10.44 and a beta of 1.30. The business has a 50-day moving average price of $14.76 and a two-hundred day moving average price of $15.39.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 3.0%. Onespan's payout ratio is presently 31.79%.

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.