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. increased its position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 49.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,794 shares of the company's stock after buying an additional 28,660 shares during the quarter. Victory Capital Management Inc. owned about 0.23% of Onespan worth $1,324,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MQS Management LLC purchased a new stake in shares of Onespan during the 1st quarter valued at approximately $158,000. CWM LLC raised its position in Onespan by 93.5% in the first quarter. CWM LLC now owns 19,785 shares of the company's stock valued at $302,000 after purchasing an additional 9,558 shares during the period. Cerity Partners LLC raised its position in Onespan by 51.7% in the first quarter. Cerity Partners LLC now owns 15,567 shares of the company's stock valued at $237,000 after purchasing an additional 5,304 shares during the period. Alps Advisors Inc. purchased a new stake in Onespan in the first quarter valued at approximately $340,000. Finally, Bank of New York Mellon Corp raised its position in Onespan by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 219,960 shares of the company's stock valued at $3,354,000 after purchasing an additional 15,089 shares during the period. Hedge funds and other institutional investors own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Onespan Stock Performance

Shares of NASDAQ:OSPN traded down $0.47 during trading on Friday, hitting $14.28. The company's stock had a trading volume of 379,045 shares, compared to its average volume of 408,797. The business has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $16.42. The company has a market capitalization of $545.92 million, a PE ratio of 9.71 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 Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.4%. Onespan's payout ratio is 32.65%.

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.