Raymond James Financial Inc. Acquires Shares of 201,122 OneSpan Inc. (NASDAQ:OSPN)

Raymond James Financial Inc. acquired a new position in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 201,122 shares of the company's stock, valued at approximately $3,729,000. Raymond James Financial Inc. owned approximately 0.53% of OneSpan as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OSPN. R Squared Ltd bought a new position in shares of OneSpan in the 4th quarter worth $37,000. New York State Teachers Retirement System purchased a new position in OneSpan in the fourth quarter valued at about $64,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan in the fourth quarter worth about $109,000. KLP Kapitalforvaltning AS purchased a new stake in shares of OneSpan during the fourth quarter valued at about $152,000. Finally, Arizona State Retirement System bought a new stake in shares of OneSpan in the 4th quarter valued at about $193,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com lowered shares of OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.13.

OneSpan Stock Performance

OSPN stock traded up $0.02 during midday trading on Friday, reaching $14.68. The stock had a trading volume of 131,741 shares, compared to its average volume of 405,505. The firm has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $17.11. OneSpan Inc. has a 52-week low of $10.74 and a 52-week high of $20.37. The stock has a market cap of $561.22 million, a PE ratio of 19.84 and a beta of 1.03.

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.