Teacher Retirement System of Texas Has $1.09 Million Stock Position in Onespan Inc (NASDAQ:OSPN)

Teacher Retirement System of Texas reduced its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 57.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,379 shares of the company's stock after selling 95,095 shares during the quarter. Teacher Retirement System of Texas owned 0.19% of Onespan worth $1,089,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OSPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Onespan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock worth $40,129,000 after purchasing an additional 469,628 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Onespan by 28.9% during the fourth 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 during the last quarter. LSV Asset Management bought a new stake in shares of Onespan during the fourth quarter worth $4,760,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Onespan by 37.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock worth $14,962,000 after purchasing an additional 219,813 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Onespan during the fourth quarter worth $3,729,000. Institutional investors own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Onespan Trading Down 1.0%

Shares of NASDAQ OSPN traded down $0.16 during mid-day trading on Thursday, reaching $15.14. 326,042 shares of the company's stock were exchanged, compared to its average volume of 405,733. The firm has a market capitalization of $578.80 million, a price-to-earnings ratio of 10.30 and a beta of 1.15. The business has a fifty day simple moving average of $16.24 and a 200 day simple moving average of $16.67. Onespan Inc has a twelve month low of $12.78 and a twelve month high of $20.37.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's payout ratio is 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.