Arizona State Retirement System bought a new stake in Onespan Inc (NASDAQ:OSPN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 43,988 shares of the company’s stock, valued at approximately $864,000. Arizona State Retirement System owned approximately 0.11% of Onespan at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Onespan in the 2nd quarter valued at about $148,000. Cim Investment Mangement Inc. purchased a new position in shares of Onespan in the 2nd quarter worth approximately $322,000. Strs Ohio purchased a new position in shares of Onespan in the 2nd quarter worth approximately $180,000. Bank of New York Mellon Corp purchased a new position in Onespan in the second quarter valued at approximately $8,868,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Onespan in the second quarter valued at approximately $521,000. 60.45% of the stock is owned by institutional investors and hedge funds.
OSPN stock remained flat at $$19.00 during midday trading on Friday. 307,992 shares of the company’s stock were exchanged, compared to its average volume of 224,212. The company has a market cap of $766.30 million, a PE ratio of 44.19, a price-to-earnings-growth ratio of 5.52 and a beta of 1.45. Onespan Inc has a 1-year low of $11.55 and a 1-year high of $25.45.
Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, July 26th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $49.55 million for the quarter, compared to analysts’ expectations of $48.82 million. Onespan had a negative net margin of 11.11% and a positive return on equity of 7.27%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, research analysts expect that Onespan Inc will post 0.35 earnings per share for the current fiscal year.
In related news, Director T Kendall Hunt sold 53,947 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $18.28, for a total value of $986,151.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 471,735 shares of company stock worth $8,392,124. 22.48% of the stock is owned by insiders.
Separately, Zacks Investment Research upgraded Onespan from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st.
Onespan Company Profile
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.
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