235,673 Shares in Onespan Inc $OSPN Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired 235,673 shares of Onespan Inc, valued at approximately $3,594,000, during the first quarter, increasing its ownership to about 0.62% of the company.
• Onespan has announced a quarterly dividend of $0.12 to be paid on September 5th, which represents an annualized yield of 3.2% and a dividend payout ratio of 31.79%.
• Analysts maintain a consensus rating of "Buy" for Onespan with a target price of $19.67; however, recent shifts have seen some firms adjust their ratings and price predictions.

Nuveen LLC acquired a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 235,673 shares of the company's stock, valued at approximately $3,594,000. Nuveen LLC owned 0.62% of Onespan at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new stake in Onespan in the 1st quarter valued at about $64,000. Meeder Asset Management Inc. boosted its position in Onespan by 14.6% in the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after buying an additional 783 shares during the period. State of Tennessee Department of Treasury purchased a new stake in Onespan in the 4th quarter valued at about $147,000. NewEdge Advisors LLC bought a new stake in shares of Onespan in the 4th quarter valued at about $189,000. Finally, MQS Management LLC bought a new stake in shares of Onespan in the 1st quarter valued at about $158,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on OSPN. Wall Street Zen lowered shares of Onespan from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities reduced their price target on shares of Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, B. Riley began coverage on shares of Onespan in a report on Tuesday, August 26th. They issued a "buy" rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $19.67.

Onespan Price Performance

Onespan stock traded down $0.20 during mid-day trading on Tuesday, reaching $14.93. 642,265 shares of the company traded hands, compared to its average volume of 477,686. Onespan Inc has a fifty-two week low of $12.51 and a fifty-two week high of $20.36. The company has a market capitalization of $572.27 million, a price-to-earnings ratio of 9.89 and a beta of 1.30. The firm's fifty day moving average is $15.18 and its two-hundred day moving average is $15.57.

Onespan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. Onespan's dividend payout ratio is presently 31.79%.

Insider Buying and Selling

In related news, Director Garry L. Capers purchased 2,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director owned 36,894 shares of the company's stock, valued at $482,204.58. This trade represents a 5.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Zenner purchased 2,200 shares of the business's stock in a transaction on Friday, August 8th. The shares were bought at an average price of $12.80 per share, for a total transaction of $28,160.00. Following the purchase, the director directly owned 71,273 shares in the company, valued at $912,294.40. This represents a 3.19% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company's stock.

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.