OneSpan (NASDAQ:OSPN) Sets New 12-Month High – Here’s What Happened

OneSpan Inc. (NASDAQ:OSPN) shares reached a new 52-week high on Thursday . The stock traded as high as $20.26 and last traded at $20.23, with a volume of 496803 shares trading hands. The stock had previously closed at $19.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OSPN shares. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, Rosenblatt Securities raised their target price on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $17.63.

OneSpan Stock Down 0.1 %

The firm has a fifty day moving average of $18.95 and a 200-day moving average of $17.04. The firm has a market cap of $767.42 million, a P/E ratio of 27.30 and a beta of 0.77.

OneSpan Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio is 64.86%.

Insider Activity at OneSpan

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

Hedge Funds Weigh In On OneSpan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after buying an additional 53,060 shares during the last quarter. 272 Capital LP bought a new position in OneSpan during the third quarter worth about $1,659,000. Charles Schwab Investment Management Inc. boosted its holdings in OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after buying an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after buying an additional 157,387 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

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.