AQR Capital Management LLC Buys 226,604 Shares of OneSpan Inc. (NASDAQ:OSPN)

AQR Capital Management LLC increased its stake in OneSpan Inc. (NASDAQ:OSPN) by 242.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,259 shares of the company’s stock after purchasing an additional 226,604 shares during the quarter. AQR Capital Management LLC owned 0.85% of OneSpan worth $4,106,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Quest Partners LLC boosted its stake in shares of OneSpan by 2,952.6% in the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after buying an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of OneSpan during the 2nd quarter valued at about $41,000. CWM LLC grew its stake in shares of OneSpan by 872.1% during the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after purchasing an additional 5,599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of OneSpan by 42.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock valued at $95,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake 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 worth $129,000 after purchasing an additional 5,578 shares during the period. Institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities began coverage on shares of OneSpan in a report on Friday, September 6th. They set a “buy” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, OneSpan has an average rating of “Moderate Buy” and a consensus price target of $15.38.

OneSpan Stock Up 1.0 %

Shares of OSPN opened at $14.83 on Friday. The business has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $13.36. OneSpan Inc. has a 52 week low of $7.64 and a 52 week high of $16.68. The stock has a market cap of $561.26 million, a price-to-earnings ratio of -82.39 and a beta of 0.76.

OneSpan (NASDAQ:OSPN) last released its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. The company had revenue of $60.92 million during the quarter. During the same period in the prior year, the company posted ($0.27) earnings per share. On average, equities analysts anticipate that OneSpan Inc. will post 0.94 earnings per share 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.