Allianz Asset Management GmbH Raises Stock Position in Onespan Inc $OSPN

Allianz Asset Management GmbH boosted its holdings in Onespan Inc (NASDAQ:OSPN) by 93.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 231,610 shares of the company’s stock after buying an additional 111,805 shares during the period. Allianz Asset Management GmbH’s holdings in Onespan were worth $3,866,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS increased its stake in Onespan by 59.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 44,000 shares of the company’s stock worth $734,000 after buying an additional 16,400 shares in the last quarter. Copeland Capital Management LLC increased its stake in Onespan by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock worth $82,000 after buying an additional 692 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Onespan in the 2nd quarter worth $419,000. Range Financial Group LLC increased its stake in Onespan by 2.6% in the 2nd quarter. Range Financial Group LLC now owns 107,162 shares of the company’s stock worth $1,789,000 after buying an additional 2,719 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in Onespan in the 2nd quarter worth $542,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Trading Up 0.3%

Shares of NASDAQ:OSPN opened at $15.80 on Friday. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $15.41. The company has a market cap of $605.61 million, a price-to-earnings ratio of 10.46 and a beta of 1.32.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. Onespan’s dividend payout ratio (DPR) is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. B. Riley assumed coverage on Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price objective for the company. Rosenblatt Securities cut their price objective on Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Insider Transactions at Onespan

In other Onespan news, Director Garry L. Capers purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $13.07 per share, with a total value of $26,140.00. Following the acquisition, the director owned 36,894 shares in the company, valued at approximately $482,204.58. The trade was a 5.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Zenner purchased 2,200 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $12.80 per share, with a total value of $28,160.00. Following the acquisition, the director owned 71,273 shares in the company, valued at $912,294.40. The trade was a 3.19% increase in their position. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

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.