Key Points
- CFO Jorge Garcia Martell sold 15,000 shares on March 16 at an average price of $10.33, trimming his position by 11.98% to 110,218 shares valued at about $1.14 million.
- Onespan raised its quarterly dividend to $0.13 (annualized $0.52) for a 5.0% yield, with an ex-dividend/record date of March 13 and payment on March 27; the payout ratio is roughly 27.7%.
- Onespan beat Q4 estimates with EPS of $0.36 vs. $0.31 and revenue of $62.92 million, trades at a low valuation (PE ~5.6, PEG ~0.94) and carries a MarketBeat consensus "Hold" rating with a $16.67 target.
Onespan Inc (NASDAQ:OSPN - Get Free Report) CFO Jorge Garcia Martell sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following the transaction, the chief financial officer owned 110,218 shares of the company's stock, valued at approximately $1,138,551.94. This represents a 11.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Onespan Stock Performance
OSPN opened at $10.47 on Wednesday. The firm's fifty day moving average is $11.45 and its two-hundred day moving average is $13.09. The firm has a market cap of $392.28 million, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. Onespan Inc has a twelve month low of $10.16 and a twelve month high of $18.13.
Onespan (NASDAQ:OSPN - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. Equities analysts forecast that Onespan Inc will post 1.11 EPS for the current fiscal year.
Onespan Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Onespan's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 5.0%. Onespan's payout ratio is presently 27.66%.
Institutional Trading of Onespan
Several hedge funds and other institutional investors have recently modified their holdings of OSPN. Millennium Management LLC raised its holdings in Onespan by 1,018.8% during the fourth quarter. Millennium Management LLC now owns 1,211,659 shares of the company's stock worth $15,558,000 after acquiring an additional 1,103,360 shares in the last quarter. Simcoe Capital Management LLC grew its stake in Onespan by 167.5% in the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company's stock valued at $18,970,000 after purchasing an additional 747,578 shares in the last quarter. First Trust Advisors LP increased its position in shares of Onespan by 25.1% during the 3rd quarter. First Trust Advisors LP now owns 2,141,141 shares of the company's stock worth $34,023,000 after purchasing an additional 428,983 shares during the last quarter. Topline Capital Management LLC acquired a new position in shares of Onespan during the 3rd quarter worth approximately $5,549,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Onespan by 97.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 649,202 shares of the company's stock worth $8,336,000 after purchasing an additional 320,000 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.
Wall Street Analyst Weigh In
OSPN has been the subject of several recent analyst reports. Wall Street Zen downgraded Onespan from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Zacks Research lowered Onespan from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. DA Davidson lowered their target price on Onespan from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Onespan in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.67.
Check Out Our Latest Analysis on Onespan
About Onespan
(
Get Free Report)
OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.
The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.
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