IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 8,373 Shares of Onespan Inc $OSPN

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Onespan Inc (NASDAQ:OSPN) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,029 shares of the company’s stock after purchasing an additional 8,373 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.29% of Onespan worth $1,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank raised its stake in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Onespan by 16.4% in the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after buying an additional 692 shares during the period. Meeder Asset Management Inc. increased its position in Onespan by 14.6% during the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock valued at $94,000 after purchasing an additional 783 shares during the period. MQS Management LLC acquired a new stake in Onespan during the 1st quarter valued at approximately $158,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Onespan during the 1st quarter valued at approximately $183,000. Institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OSPN. B. Riley began coverage on Onespan in a report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Rosenblatt Securities lowered their target price on shares of Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Onespan currently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Onespan Stock Up 0.3%

OSPN opened at $16.04 on Wednesday. The firm has a 50-day moving average price of $15.44 and a 200-day moving average price of $15.46. The company has a market capitalization of $614.81 million, a price-to-earnings ratio of 10.62 and a beta of 1.32. Onespan Inc has a twelve month low of $12.51 and a twelve month high of $20.36.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 3.0%. Onespan’s payout ratio is currently 31.79%.

Insider Activity at Onespan

In related news, Director Garry L. Capers purchased 2,000 shares of the business’s stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $13.07 per share, with a total value of $26,140.00. Following the purchase, the director directly owned 36,894 shares in the company, valued at approximately $482,204.58. This represents a 5.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc Zenner purchased 2,200 shares of the business’s stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $12.80 per share, with a total value of $28,160.00. Following the purchase, the director owned 71,273 shares in the company, valued at approximately $912,294.40. This represents a 3.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.90% of the stock is currently owned by insiders.

About Onespan

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.