OneSpan Inc. (NASDAQ:OSPN) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 406,790 shares of the company's stock after purchasing an additional 20,854 shares during the quarter. Northern Trust Corp owned approximately 1.07% of OneSpan worth $7,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of OSPN. Franklin Resources Inc. lifted its position in shares of OneSpan by 104.5% during the 3rd quarter. Franklin Resources Inc. now owns 51,380 shares of the company's stock valued at $818,000 after acquiring an additional 26,254 shares during the period. Assenagon Asset Management S.A. raised its holdings in OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock worth $9,181,000 after buying an additional 157,387 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in OneSpan by 8.6% during the fourth quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company's stock worth $659,000 after buying an additional 2,826 shares during the last quarter. R Squared Ltd acquired a new position in OneSpan during the fourth quarter worth $37,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in OneSpan during the fourth quarter worth $540,000. 95.52% of the stock is owned by institutional investors.

OneSpan Price Performance

NASDAQ:OSPN traded up $0.08 during trading hours on Friday, hitting $15.81. The company had a trading volume of 454,862 shares, compared to its average volume of 399,422. The company has a market capitalization of $604.42 million, a PE ratio of 21.36 and a beta of 1.21. The stock has a 50-day moving average price of $15.24 and a 200 day moving average price of $17.17. OneSpan Inc. has a 52 week low of $12.28 and a 52 week high of $20.37.

OneSpan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.04%. OneSpan's dividend payout ratio (DPR) is presently 32.65%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OSPN. Wall Street Zen downgraded shares of OneSpan from a "strong-buy" rating to a "buy" rating in a report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of OneSpan in a report on Friday, May 2nd.

About OneSpan

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.