Teacher Retirement System of Texas Has $1.09 Million 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.

Other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of Onespan during the first quarter worth $64,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Onespan during the fourth quarter worth $109,000. State of Tennessee Department of Treasury bought a new stake in shares of Onespan during the fourth quarter worth $147,000. KLP Kapitalforvaltning AS bought a new stake in shares of Onespan during the fourth quarter worth $152,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Onespan during the fourth quarter worth $189,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OSPN. Wall Street Zen cut Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Onespan in a report on Friday, May 2nd.

Onespan Stock Down 10.1%

Onespan stock opened at $15.77 on Monday. The business's 50-day simple moving average is $16.25 and its 200 day simple moving average is $16.73. The stock has a market cap of $602.89 million, a price-to-earnings ratio of 10.73 and a beta of 1.15. Onespan Inc has a 12-month low of $12.71 and a 12-month high of $20.37.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's dividend 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.

Want to see what other hedge funds are holding OSPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onespan Inc (NASDAQ:OSPN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.