Envestnet Asset Management Inc. Increases Holdings in Onespan Inc $OSPN

Envestnet Asset Management Inc. lifted its holdings in Onespan Inc (NASDAQ:OSPN) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,068 shares of the company’s stock after acquiring an additional 4,432 shares during the period. Envestnet Asset Management Inc.’s holdings in Onespan were worth $385,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in Onespan by 49.3% during the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock valued at $1,324,000 after purchasing an additional 28,660 shares during the period. Allianz Asset Management GmbH purchased a new stake in Onespan during the 1st quarter valued at $1,827,000. Y Intercept Hong Kong Ltd purchased a new position in Onespan during the first quarter worth $261,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Onespan during the first quarter valued at $376,000. Finally, KLP Kapitalforvaltning AS increased its position in Onespan by 236.6% during the first quarter. KLP Kapitalforvaltning AS now owns 27,600 shares of the company’s stock valued at $421,000 after acquiring an additional 19,400 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Tuesday. Rosenblatt Securities dropped their target price on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 31st. B. Riley began coverage on Onespan in a report on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price target on the stock. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, DA Davidson cut their price objective on Onespan from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $12.19 on Thursday. Onespan Inc has a 52-week low of $11.00 and a 52-week high of $20.36. The firm has a market capitalization of $463.55 million, a price-to-earnings ratio of 8.07 and a beta of 1.33. The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $15.11.

Onespan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Onespan had a return on equity of 19.75% and a net margin of 24.90%.The company had revenue of $57.06 million for the quarter, compared to the consensus estimate of $58.18 million. Onespan has set its FY 2025 guidance at EPS. Analysts forecast that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.9%. Onespan’s dividend payout ratio is 32.65%.

Insider Transactions at Onespan

In other Onespan news, Director Michael J. Mcconnell bought 50,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average price of $11.96 per share, with a total value of $598,000.00. Following the transaction, the director owned 83,763 shares of the company’s stock, valued at approximately $1,001,805.48. This trade represents a 148.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

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.