State of Wyoming Takes Position in OneSpan Inc. (NASDAQ:OSPN)

State of Wyoming purchased a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,710 shares of the company's stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OSPN. R Squared Ltd bought a new stake in OneSpan during the 4th quarter worth approximately $37,000. New York State Teachers Retirement System bought a new stake in OneSpan during the 4th quarter worth approximately $64,000. Steward Partners Investment Advisory LLC bought a new stake in OneSpan during the 4th quarter worth approximately $109,000. State of Tennessee Department of Treasury bought a new stake in OneSpan during the 4th quarter worth approximately $147,000. Finally, KLP Kapitalforvaltning AS bought a new stake in OneSpan during the 4th quarter worth approximately $152,000. 95.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of OneSpan in a research note on Friday, May 2nd. Wall Street Zen cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

OneSpan Price Performance

Shares of OSPN traded up $0.40 during mid-day trading on Tuesday, hitting $16.21. 44,142 shares of the company's stock were exchanged, compared to its average volume of 402,233. The company has a market cap of $619.71 million, a PE ratio of 21.91 and a beta of 1.21. OneSpan Inc. has a 52 week low of $12.27 and a 52 week high of $20.36. The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $17.16.

OneSpan Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.96%. OneSpan's dividend payout ratio is currently 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.