OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 64.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,596 shares of the company's stock after selling 129,467 shares during the quarter. Algert Global LLC owned about 0.19% of OneSpan worth $1,327,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OSPN. Raymond James Financial Inc. acquired a new position in shares of OneSpan during the 4th quarter valued at about $44,699,000. JPMorgan Chase & Co. lifted its position in OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after buying an additional 708,020 shares during the last quarter. LSV Asset Management acquired a new position in OneSpan in the fourth quarter valued at about $4,760,000. Arrowstreet Capital Limited Partnership lifted its position in OneSpan by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock valued at $14,962,000 after buying an additional 219,813 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in OneSpan by 814.5% in the fourth quarter. Prudential Financial Inc. now owns 211,048 shares of the company's stock valued at $3,913,000 after buying an additional 187,970 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Stock Performance

OneSpan stock remained flat at $16.44 during mid-day trading on Tuesday. 317,784 shares of the company's stock traded hands, compared to its average volume of 407,192. The stock has a market cap of $628.50 million, a PE ratio of 22.22 and a beta of 1.21. OneSpan Inc. has a one year low of $12.14 and a one year high of $20.37. The business has a 50-day moving average of $15.23 and a two-hundred day moving average of $17.17.

OneSpan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 yield of 2.92%. OneSpan's dividend payout ratio is currently 32.65%.

Wall Street Analyst Weigh In

OSPN has been the topic of a number of recent analyst reports. StockNews.com cut shares of OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of OneSpan in a research note 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.