Mackenzie Financial Corp Purchases 42,007 Shares of OneSpan Inc. (NASDAQ:OSPN)

Mackenzie Financial Corp increased its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 171.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,535 shares of the company's stock after acquiring an additional 42,007 shares during the period. Mackenzie Financial Corp owned about 0.18% of OneSpan worth $1,234,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new stake in OneSpan in the fourth quarter worth approximately $540,000. Deutsche Bank AG raised its position in shares of OneSpan by 38.1% during the fourth quarter. Deutsche Bank AG now owns 39,853 shares of the company's stock worth $739,000 after purchasing an additional 10,988 shares during the period. Amundi acquired a new position in shares of OneSpan during the fourth quarter worth approximately $314,000. Swiss National Bank lifted its holdings in shares of OneSpan by 6.3% in the 4th quarter. Swiss National Bank now owns 70,700 shares of the company's stock worth $1,311,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in OneSpan in the 4th quarter valued at $210,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSPN has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd. Wall Street Zen lowered shares of OneSpan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

OneSpan Price Performance

OneSpan stock remained flat at $15.99 during trading on Wednesday. The company had a trading volume of 338,414 shares, compared to its average volume of 397,403. The company has a market capitalization of $611.30 million, a P/E ratio of 21.61 and a beta of 1.21. The firm has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $17.09. OneSpan Inc. has a 1-year low of $12.28 and a 1-year high of $20.37.

OneSpan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, May 16th. OneSpan's payout ratio is 32.65%.

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.