UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 15,834 Shares of OneSpan Inc. (NASDAQ:OSPN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,540 shares of the company's stock after acquiring an additional 15,834 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of OneSpan worth $1,716,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in OneSpan in the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of OneSpan in the 4th quarter valued at $109,000. State of Tennessee Department of Treasury bought a new stake in shares of OneSpan in the 4th quarter worth about $147,000. KLP Kapitalforvaltning AS acquired a new stake in shares of OneSpan during the 4th quarter worth about $152,000. Finally, NewEdge Advisors LLC bought a new position in OneSpan during the 4th quarter valued at about $189,000. Institutional investors and hedge funds own 95.52% of the company's stock.

OneSpan Stock Up 1.8%

Shares of NASDAQ OSPN opened at $16.73 on Friday. OneSpan Inc. has a 12-month low of $12.28 and a 12-month high of $20.37. The firm's 50-day simple moving average is $15.27 and its 200 day simple moving average is $17.09. The company has a market cap of $639.59 million, a price-to-earnings ratio of 22.61 and a beta of 1.17.

OneSpan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.87%. OneSpan's payout ratio is 32.65%.

Wall Street Analyst Weigh In

Several analysts have weighed in on OSPN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd. Wall Street Zen lowered OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.

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.