Strs Ohio Invests $180,000 in Onespan Inc (OSPN) Stock

Strs Ohio bought a new position in shares of Onespan Inc (NASDAQ:OSPN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,200 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors have also recently bought and sold shares of OSPN. Piedmont Investment Advisors LLC purchased a new position in Onespan in the 2nd quarter worth approximately $139,000. Public Employees Retirement Association of Colorado purchased a new position in Onespan in the 2nd quarter worth approximately $167,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Onespan in the 2nd quarter worth approximately $210,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Onespan in the 2nd quarter worth approximately $261,000. Finally, Louisiana State Employees Retirement System purchased a new position in Onespan in the 2nd quarter worth approximately $265,000. 60.49% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director T Kendall Hunt sold 8,706 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $17.96, for a total value of $156,359.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 471,735 shares of company stock valued at $8,392,124 in the last ninety days. 22.48% of the stock is owned by corporate insiders.

Separately, Zacks Investment Research cut shares of Onespan from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th.

OSPN stock opened at $18.50 on Friday. Onespan Inc has a one year low of $11.05 and a one year high of $25.45. The company has a market capitalization of $734.12 million, a price-to-earnings ratio of 43.02, a P/E/G ratio of 5.29 and a beta of 1.43.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. Onespan had a negative net margin of 11.11% and a positive return on equity of 7.27%. The company had revenue of $49.55 million during the quarter, compared to analysts’ expectations of $48.82 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. sell-side analysts expect that Onespan Inc will post 0.35 earnings per share for the current year.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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Institutional Ownership by Quarter for Onespan (NASDAQ:OSPN)

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