AQR Capital Management LLC Purchases 70,815 Shares of OneSpan Inc. (NASDAQ:OSPN)

AQR Capital Management LLC raised its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,408 shares of the company's stock after buying an additional 70,815 shares during the quarter. AQR Capital Management LLC owned about 0.96% of OneSpan worth $6,756,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after buying an additional 53,060 shares in the last quarter. Franklin Resources Inc. raised its position in OneSpan by 104.5% in the 3rd quarter. Franklin Resources Inc. now owns 51,380 shares of the company's stock valued at $818,000 after purchasing an additional 26,254 shares during the last quarter. JPMorgan Chase & Co. lifted its position in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after buying an additional 708,020 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock valued at $9,181,000 after purchasing an additional 157,387 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its stake in shares of OneSpan by 8.6% in the 4th quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company's stock valued at $659,000 after buying an additional 2,826 shares during the period. 95.52% of the stock is owned by institutional investors.

OneSpan Stock Up 1.1 %

Shares of OSPN stock opened at $15.60 on Thursday. OneSpan Inc. has a 12 month low of $11.70 and a 12 month high of $20.37. The company's fifty day simple moving average is $15.26 and its 200-day simple moving average is $17.11. The firm has a market cap of $596.39 million, a PE ratio of 21.08 and a beta of 1.21.

OneSpan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, May 16th. OneSpan's payout ratio is 32.65%.

Analyst Upgrades and Downgrades

OSPN has been the subject of a number of recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of OneSpan in a research note on Friday, May 2nd. StockNews.com cut OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th.

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.

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