Onespan Inc $OSPN Shares Acquired by Meritage Portfolio Management

Meritage Portfolio Management increased its stake in shares of Onespan Inc (NASDAQ:OSPN) by 40.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 207,736 shares of the company’s stock after purchasing an additional 59,405 shares during the quarter. Meritage Portfolio Management’s holdings in Onespan were worth $2,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Simcoe Capital Management LLC increased its position in shares of Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after purchasing an additional 747,578 shares in the last quarter. First Trust Advisors LP grew its stake in 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 buying an additional 428,983 shares during the last quarter. Topline Capital Management LLC purchased a new position in Onespan during the 3rd quarter worth approximately $5,549,000. Jacobs Levy Equity Management Inc. increased its position in Onespan by 2,674.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 329,202 shares of the company’s stock worth $5,231,000 after buying an additional 317,335 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Onespan by 101.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 383,925 shares of the company’s stock worth $4,930,000 after buying an additional 193,304 shares during the period. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Trading Up 1.6%

Shares of OSPN stock opened at $11.62 on Wednesday. The company has a market capitalization of $435.40 million, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The business’s 50 day moving average is $10.85 and its two-hundred day moving average is $12.25. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $18.13.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a return on equity of 19.58% and a net margin of 29.98%.The firm had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. As a group, equities analysts predict that Onespan Inc will post 1 earnings per share for the current fiscal year.

Onespan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.13 dividend. This is a boost from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. Onespan’s dividend payout ratio (DPR) is 27.66%.

Wall Street Analysts Forecast Growth

OSPN has been the subject of several research analyst reports. DA Davidson decreased their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research downgraded shares of Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Onespan in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.67.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 15,000 shares of Onespan stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the sale, the chief financial officer owned 110,218 shares of the company’s stock, valued at $1,138,551.94. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Onespan Company Profile

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.