Acadian Asset Management LLC Purchases 295,739 Shares of OneSpan Inc. (NASDAQ:OSPN)

Acadian Asset Management LLC boosted its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 1,038.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,217 shares of the company's stock after purchasing an additional 295,739 shares during the period. Acadian Asset Management LLC owned approximately 0.86% of OneSpan worth $4,154,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OSPN. TFO Wealth Partners LLC increased its stake in OneSpan by 15,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,520 shares of the company's stock worth $38,000 after purchasing an additional 3,498 shares in the last quarter. CWM LLC raised its holdings in shares of OneSpan by 872.1% during the second quarter. CWM LLC now owns 6,241 shares of the company's stock valued at $80,000 after acquiring an additional 5,599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of OneSpan by 42.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company's stock valued at $95,000 after acquiring an additional 2,215 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of OneSpan by 100.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company's stock valued at $129,000 after acquiring an additional 5,578 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in OneSpan in the 4th quarter worth approximately $172,000. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities assumed coverage on shares of OneSpan in a research note on Friday, September 6th. They set a "buy" rating and a $20.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.38.

OneSpan Stock Up 3.5 %

Shares of OSPN traded up $0.53 during trading hours on Friday, reaching $15.52. The company's stock had a trading volume of 264,892 shares, compared to its average volume of 392,448. The firm has a market cap of $587.37 million, a price-to-earnings ratio of -86.22 and a beta of 0.77. The company has a 50 day moving average of $14.70 and a two-hundred day moving average of $12.73. OneSpan Inc. has a 1-year low of $7.64 and a 1-year high of $16.41.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. The firm had revenue of $60.92 million for the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same quarter in the prior year, the company posted ($0.27) EPS. As a group, analysts forecast that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

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.