Renaissance Technologies LLC Buys New Holdings in OneSpan Inc. (NASDAQ:OSPN)

Renaissance Technologies LLC purchased a new position in OneSpan Inc. (NASDAQ:OSPN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,570 shares of the company's stock, valued at approximately $511,000. Renaissance Technologies LLC owned 0.07% of OneSpan at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in OneSpan by 388.5% during the 3rd quarter. Barclays PLC now owns 66,719 shares of the company's stock valued at $1,113,000 after buying an additional 53,060 shares in the last quarter. Franklin Resources Inc. raised its position in shares of OneSpan by 104.5% in the third quarter. Franklin Resources Inc. now owns 51,380 shares of the company's stock worth $818,000 after buying an additional 26,254 shares in the last quarter. Principal Financial Group Inc. purchased a new position in OneSpan during the third quarter worth about $312,000. JPMorgan Chase & Co. raised its holdings in shares of OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after acquiring an additional 708,020 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock valued at $9,181,000 after purchasing an additional 157,387 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd. StockNews.com downgraded shares of OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th.

OneSpan Stock Up 1.9 %

OSPN stock traded up $0.30 during trading on Friday, hitting $15.83. 112,763 shares of the company's stock traded hands, compared to its average volume of 401,246. OneSpan Inc. has a 1 year low of $11.94 and a 1 year high of $20.37. The business has a fifty day simple moving average of $15.25 and a two-hundred day simple moving average of $17.11. The firm has a market capitalization of $605.18 million, a P/E ratio of 21.39 and a beta of 1.21.

OneSpan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. OneSpan's 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.