MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,164,294 shares of the company's stock after acquiring an additional 469,628 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 5.70% of OneSpan worth $40,129,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. lifted its stake in shares of OneSpan by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after purchasing an additional 900 shares during the period. Baader Bank Aktiengesellschaft raised its position in shares of OneSpan by 8.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock valued at $384,000 after buying an additional 1,700 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock valued at $380,000 after purchasing an additional 1,780 shares during the period. R Squared Ltd purchased a new stake in shares of OneSpan in the fourth quarter valued at about $37,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of OneSpan by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock valued at $6,218,000 after purchasing an additional 2,182 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. StockNews.com raised shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 target price on shares of OneSpan in a report on Friday, May 2nd.
Read Our Latest Research Report on OneSpan
OneSpan Stock Performance
OSPN stock traded up $0.05 during midday trading on Friday, reaching $16.24. 287,443 shares of the company were exchanged, compared to its average volume of 401,207. OneSpan Inc. has a 1-year low of $12.28 and a 1-year high of $20.37. The stock's 50-day simple moving average is $15.22 and its 200 day simple moving average is $17.18. The company has a market cap of $620.86 million, a price-to-earnings ratio of 21.95 and a beta of 1.21.
OneSpan Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.96%. OneSpan's payout ratio is 32.65%.
OneSpan Company Profile
(
Free Report)
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.
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