BNP Paribas Financial Markets Sells 24,229 Shares of OneSpan Inc. (NASDAQ:OSPN)

BNP Paribas Financial Markets lessened its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 35.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,071 shares of the company's stock after selling 24,229 shares during the period. BNP Paribas Financial Markets owned about 0.12% of OneSpan worth $836,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in OneSpan by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after buying an additional 38,362 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of OneSpan during the 4th quarter valued at $44,699,000. Legal & General Group Plc increased its stake in shares of OneSpan by 0.8% in the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock worth $40,706,000 after purchasing an additional 16,901 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of OneSpan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after purchasing an additional 395,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in OneSpan by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company's stock worth $17,015,000 after purchasing an additional 70,525 shares during the period. Institutional investors own 95.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OSPN. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd. Wall Street Zen downgraded OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

OneSpan Stock Performance

Shares of NASDAQ OSPN traded up $0.36 during midday trading on Tuesday, reaching $16.17. The stock had a trading volume of 295,740 shares, compared to its average volume of 399,008. The company has a market capitalization of $618.18 million, a price-to-earnings ratio of 21.85 and a beta of 1.21. OneSpan Inc. has a 12-month low of $12.28 and a 12-month high of $20.37. The stock has a 50-day moving average of $15.24 and a 200-day moving average of $17.15.

OneSpan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued 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 yield of 2.97%. OneSpan's dividend payout ratio is presently 32.65%.

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.