Nuveen Asset Management LLC Cuts Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Nuveen Asset Management LLC decreased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,194 shares of the company's stock after selling 180,317 shares during the period. Nuveen Asset Management LLC owned 1.24% of OneSpan worth $8,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSPN. R Squared Ltd bought a new position in OneSpan during the 4th quarter valued at approximately $37,000. Robeco Institutional Asset Management B.V. bought a new position in shares of OneSpan in the 4th quarter worth approximately $540,000. Baader Bank Aktiengesellschaft raised its position in shares of OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock worth $384,000 after acquiring an additional 1,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of OneSpan by 27.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,567 shares of the company's stock worth $405,000 after acquiring an additional 4,646 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of OneSpan by 141.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,842 shares of the company's stock worth $430,000 after acquiring an additional 13,373 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

OneSpan Stock Down 1.2%

Shares of NASDAQ:OSPN traded down $0.19 during trading on Monday, hitting $15.74. The stock had a trading volume of 401,629 shares, compared to its average volume of 397,832. The company has a market capitalization of $601.74 million, a PE ratio of 21.27 and a beta of 1.21. The firm's fifty day moving average is $15.21 and its 200 day moving average is $17.11. OneSpan Inc. has a 12 month low of $12.28 and a 12 month high of $20.37.

OneSpan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 3.05%. OneSpan's payout ratio is currently 32.65%.

Analysts Set New Price Targets

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

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.