OneSpan Inc. (NASDAQ:OSPN) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 183.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,759 shares of the company's stock after acquiring an additional 25,104 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of OneSpan worth $719,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in OneSpan by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after purchasing an additional 38,362 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in OneSpan in the fourth quarter valued at approximately $44,699,000. JPMorgan Chase & Co. raised its stake in shares of OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after purchasing an additional 708,020 shares during the period. Geode Capital Management LLC lifted its position 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 worth $16,008,000 after purchasing an additional 5,750 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted 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 valued at $14,962,000 after purchasing an additional 219,813 shares during the period. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Price Performance

Shares of NASDAQ:OSPN traded up $0.17 during midday trading on Wednesday, reaching $15.60. The company had a trading volume of 454,509 shares, compared to its average volume of 402,202. OneSpan Inc. has a one year low of $11.70 and a one year high of $20.37. The stock has a market capitalization of $596.39 million, a P/E ratio of 21.08 and a beta of 1.21. The stock's fifty day moving average price is $15.26 and its 200-day moving average price is $17.11.

OneSpan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.08%. OneSpan's dividend payout ratio (DPR) is presently 32.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OSPN. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price objective on shares of OneSpan in a report on Friday, May 2nd. StockNews.com cut OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th.

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.