OneSpan Inc. (NASDAQ:OSPN) Holdings Lifted by AQR Capital Management LLC

AQR Capital Management LLC raised its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 24.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 364,408 shares of the company's stock after purchasing an additional 70,815 shares during the period. AQR Capital Management LLC owned about 0.96% of OneSpan worth $6,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in OneSpan during the 4th quarter worth about $37,000. New York State Teachers Retirement System acquired a new stake in shares of OneSpan during the 4th quarter worth $64,000. Steward Partners Investment Advisory LLC acquired a new position in shares of OneSpan in the 4th quarter valued at about $109,000. State of Tennessee Department of Treasury acquired a new position in shares of OneSpan in the 4th quarter valued at about $147,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of OneSpan in the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Price Performance

Shares of OSPN traded up $0.24 during trading hours on Tuesday, reaching $16.68. 49,023 shares of the company's stock traded hands, compared to its average volume of 406,346. The firm has a market capitalization of $637.68 million, a price-to-earnings ratio of 22.54 and a beta of 1.21. OneSpan Inc. has a twelve month low of $11.94 and a twelve month high of $20.37. The business's fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $17.17.

OneSpan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.88%. OneSpan's dividend payout ratio is presently 32.65%.

Wall Street Analyst Weigh In

Several research firms recently commented on OSPN. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd. StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th.

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.