Bank of New York Mellon Corp Grows Stake in OneSpan Inc. (NASDAQ:OSPN)

Bank of New York Mellon Corp grew its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 14.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,560 shares of the company’s stock after buying an additional 14,984 shares during the period. Bank of New York Mellon Corp owned 0.31% of OneSpan worth $1,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OSPN. Victory Capital Management Inc. increased its position in OneSpan by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 50,700 shares of the company’s stock valued at $544,000 after purchasing an additional 3,000 shares during the period. BNP Paribas Financial Markets raised its stake in OneSpan by 26.7% in the fourth quarter. BNP Paribas Financial Markets now owns 47,501 shares of the company’s stock worth $509,000 after buying an additional 10,003 shares in the last quarter. Jump Financial LLC purchased a new stake in OneSpan in the fourth quarter worth about $172,000. TFO Wealth Partners LLC lifted its holdings in OneSpan by 15,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company’s stock worth $38,000 after buying an additional 3,498 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in OneSpan during the 1st quarter valued at approximately $2,997,000. Institutional investors own 95.52% of the company’s stock.

OneSpan Price Performance

Shares of NASDAQ OSPN opened at $16.25 on Friday. OneSpan Inc. has a 1 year low of $7.64 and a 1 year high of $16.62. The firm has a 50-day moving average of $14.91 and a 200 day moving average of $12.89. The stock has a market cap of $615.39 million, a P/E ratio of -89.00 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The firm had revenue of $60.92 million for the quarter. During the same period in the prior year, the firm earned ($0.27) earnings per share. Research analysts expect that OneSpan Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Rosenblatt Securities began coverage on OneSpan in a research note on Friday, September 6th. They issued a “buy” rating and a $20.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.38.

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.