Spire Wealth Management Purchases New Holdings in OneSpan Inc. (NASDAQ:OSPN)

Spire Wealth Management acquired a new position in shares of OneSpan Inc. (NASDAQ:OSPN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,588 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OneSpan by 64.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company’s stock worth $56,000 after purchasing an additional 2,027 shares in the last quarter. Russell Investments Group Ltd. increased its position in OneSpan by 16.3% during the 4th quarter. Russell Investments Group Ltd. now owns 203,131 shares of the company’s stock valued at $2,178,000 after buying an additional 28,410 shares in the last quarter. Victory Capital Management Inc. raised its stake in OneSpan by 6.3% during the fourth quarter. Victory Capital Management Inc. now owns 50,700 shares of the company’s stock valued at $544,000 after buying an additional 3,000 shares during the last quarter. Gladius Capital Management LP bought a new stake in OneSpan in the fourth quarter worth $95,000. Finally, BNP Paribas Financial Markets grew its stake in shares of 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 acquiring an additional 10,003 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $15.44 on Wednesday. The business has a fifty day moving average price of $14.32 and a 200-day moving average price of $12.47. The company has a market capitalization of $584.71 million, a PE ratio of -85.77 and a beta of 0.76. OneSpan Inc. has a 1-year low of $7.64 and a 1-year high of $16.41.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $60.92 million during 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 business posted ($0.27) earnings per share. On average, sell-side analysts anticipate that OneSpan Inc. will post 0.94 earnings per share for the current fiscal year.

OneSpan Profile

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.