Key Points
- Director Michael McConnell sold 10,000 OneSpan shares for $221,200 at an average price of $22.12, reducing his direct holdings by 12.44% to 70,398 shares.
- OneSpan reported quarterly EPS of $0.35, beating the $0.24 analyst consensus, and revenue of $63.89 million versus estimates of $57.43 million.
- The company declared a quarterly dividend of $0.13 per share, equivalent to an annualized yield of about 2.3%. Analysts’ average rating was Hold, with a $24 price target.
Onespan Inc (NASDAQ:OSPN - Get Free Report) Director Michael Mcconnell sold 10,000 shares of the business's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $22.12, for a total transaction of $221,200.00. Following the completion of the transaction, the director directly owned 70,398 shares in the company, valued at $1,557,203.76. This represents a 12.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Onespan Stock Performance
Onespan stock traded down $0.12 during trading hours on Friday, reaching $22.31. 1,198,199 shares of the stock were exchanged, compared to its average volume of 972,459. The stock has a market cap of $823.24 million, a P/E ratio of 12.33, a P/E/G ratio of 1.89 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.35. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $27.45. The firm's 50 day moving average is $19.17 and its 200 day moving average is $14.60.
Onespan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The business had revenue of $63.89 million for the quarter, compared to analyst estimates of $57.43 million. Analysts predict that Onespan Inc will post 1.08 EPS for the current fiscal year.
Onespan Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. Onespan's payout ratio is currently 28.73%.
Institutional Investors Weigh In On Onespan
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Onespan during the 3rd quarter valued at approximately $461,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Onespan by 337.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 117,862 shares of the company's stock worth $2,111,000 after acquiring an additional 90,934 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Onespan by 788.1% in the 3rd quarter. First Trust Advisors LP now owns 1,436,801 shares of the company's stock worth $25,733,000 after acquiring an additional 1,275,018 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Onespan in the 3rd quarter worth approximately $326,000. Finally, Ieq Capital LLC grew its holdings in shares of Onespan by 7.4% in the 3rd quarter. Ieq Capital LLC now owns 122,327 shares of the company's stock worth $2,191,000 after acquiring an additional 8,413 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on OSPN shares. Weiss Ratings upgraded Onespan from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, November 9th. B. Riley Financial raised their price target on Onespan from $22.00 to $32.00 and gave the company a "buy" rating in a report on Friday, October 30th. DA Davidson raised their price target on Onespan from $16.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, October 30th. Rosenblatt Securities downgraded Onespan from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, October 27th. Finally, Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a report on Saturday, November 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.00.
Get Our Latest Stock Analysis on Onespan
Onespan Company Profile
(
Get Free Report)
OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company's products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.
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