OneSpan Inc. (NASDAQ:OSPN) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 183.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,759 shares of the company's stock after acquiring an additional 25,104 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of OneSpan worth $719,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OSPN. Integrated Quantitative Investments LLC acquired a new stake in OneSpan during the 4th quarter valued at $383,000. Geode Capital Management LLC grew its stake in shares of OneSpan by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 863,224 shares of the company's stock valued at $16,008,000 after acquiring an additional 5,750 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of OneSpan by 275.0% during the fourth quarter. Alliancebernstein L.P. now owns 133,622 shares of the company's stock worth $2,477,000 after acquiring an additional 97,990 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of OneSpan by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock worth $14,962,000 after acquiring an additional 219,813 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in OneSpan in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OSPN shares. StockNews.com lowered OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of OneSpan in a report on Friday.

OneSpan Trading Up 2.7 %

OneSpan stock traded up $0.39 during midday trading on Friday, hitting $15.05. The stock had a trading volume of 621,554 shares, compared to its average volume of 402,554. The business has a fifty day moving average price of $15.32 and a 200 day moving average price of $17.14. OneSpan Inc. has a 12 month low of $11.70 and a 12 month high of $20.37. The stock has a market cap of $575.36 million, a P/E ratio of 20.34 and a beta of 1.21.

OneSpan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, May 16th. OneSpan's dividend payout ratio is currently 32.65%.

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.