State Street Corp Acquires 25,361 Shares of OneSpan Inc. (NASDAQ:OSPN)

State Street Corp increased its holdings in OneSpan Inc. (NASDAQ:OSPN) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,641,855 shares of the company’s stock after purchasing an additional 25,361 shares during the period. State Street Corp’s holdings in OneSpan were worth $27,370,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of OneSpan by 16.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after acquiring an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. grew its position in OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares during the period. Acadian Asset Management LLC grew its position in OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the period. Squarepoint Ops LLC purchased a new stake in OneSpan during the 2nd quarter valued at $662,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of OneSpan during the 2nd quarter valued at $300,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on OSPN shares. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities increased their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, OneSpan currently has a consensus rating of “Buy” and an average target price of $17.63.

OneSpan Price Performance

NASDAQ:OSPN opened at $18.25 on Monday. OneSpan Inc. has a one year low of $9.22 and a one year high of $19.58. The business has a fifty day moving average price of $17.16 and a 200-day moving average price of $15.41. The firm has a market capitalization of $693.34 million, a price-to-earnings ratio of 24.66 and a beta of 0.77.

OneSpan Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s payout ratio is 64.86%.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares in the company, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

OneSpan Company 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.