Onespan Inc (NASDAQ:OSPN) Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in ONESPAN INC by 49.3%, owning approximately 0.23% of the company after acquiring an additional 28,660 shares.
• ONESPAN recently announced a quarterly dividend of $0.12 per share, which is part of an annualized amount representing a yield of 3.23%.
• Brokerages are showing mixed sentiments on ONESPAN, with Rosenblatt Securities maintaining a "buy" rating and a target price of $20.00, while Wall Street Zen downgraded it from "strong-buy" to "buy".

Victory Capital Management Inc. lifted its position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 49.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,794 shares of the company's stock after buying an additional 28,660 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of Onespan worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in OSPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Onespan by 27.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock valued at $40,129,000 after purchasing an additional 469,628 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Onespan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock valued at $32,710,000 after buying an additional 395,222 shares during the period. LSV Asset Management purchased a new position in Onespan in the 4th quarter valued at approximately $4,760,000. Arrowstreet Capital Limited Partnership boosted its position in Onespan by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock valued at $14,962,000 after buying an additional 219,813 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Onespan in the 4th quarter valued at approximately $3,729,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Onespan Price Performance

Shares of Onespan stock traded down $0.47 during trading on Friday, hitting $14.28. 379,045 shares of the stock were exchanged, compared to its average volume of 370,423. The stock has a market cap of $545.92 million, a price-to-earnings ratio of 9.71 and a beta of 1.12. The firm's 50-day moving average price is $16.00 and its 200 day moving average price is $16.37. Onespan Inc has a 12-month low of $12.78 and a 12-month high of $20.36.

Onespan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. Onespan's payout ratio is currently 32.65%.

Analyst Upgrades and Downgrades

OSPN has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Onespan 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.