OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,578 shares of the company’s stock after selling 7,182 shares during the period. Inspire Investing LLC owned about 0.12% of OneSpan worth $845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares during the last quarter. AQR Capital Management LLC raised its holdings in OneSpan by 242.0% in the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock valued at $4,106,000 after acquiring an additional 226,604 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in OneSpan by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after acquiring an additional 179,497 shares during the last quarter. 272 Capital LP acquired a new position in OneSpan during the 3rd quarter worth $1,659,000. Finally, Segall Bryant & Hamill LLC increased its position in shares of OneSpan by 14.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after purchasing an additional 93,263 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the sale, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

OneSpan Trading Up 3.2 %

Shares of NASDAQ OSPN opened at $19.71 on Friday. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $19.86. The company has a market cap of $748.78 million, a price-to-earnings ratio of 26.64 and a beta of 0.77. The stock’s 50 day simple moving average is $18.49 and its 200 day simple moving average is $16.37.

OneSpan (NASDAQ:OSPN) last issued its earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The firm had revenue of $56.24 million for the quarter. OneSpan had a return on equity of 23.27% and a net margin of 11.73%. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, equities analysts forecast that OneSpan Inc. will post 1.11 earnings per share for the current fiscal year.

OneSpan Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities boosted their target price on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.63.

About OneSpan

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.