OneSpan (NASDAQ:OSPN) Shares Up 4% – Here’s Why

OneSpan Inc. (NASDAQ:OSPN) shares were up 4% on Monday . The stock traded as high as $16.83 and last traded at $16.69. Approximately 226,001 shares traded hands during trading, a decline of 44% from the average daily volume of 406,025 shares. The stock had previously closed at $16.04.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Rosenblatt Securities raised their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $17.63.

OneSpan Stock Up 2.4 %

The business’s 50 day simple moving average is $18.75 and its 200 day simple moving average is $17.27. The stock has a market cap of $623.81 million, a price-to-earnings ratio of 22.19 and a beta of 0.77.

OneSpan Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is presently 33.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp boosted its position in OneSpan by 171.3% during the fourth quarter. Mackenzie Financial Corp now owns 66,535 shares of the company’s stock worth $1,234,000 after purchasing an additional 42,007 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in OneSpan by 20.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,540 shares of the company’s stock valued at $1,716,000 after buying an additional 15,834 shares during the last quarter. Squarepoint Ops LLC raised its holdings in OneSpan by 559.5% in the 4th quarter. Squarepoint Ops LLC now owns 135,468 shares of the company’s stock valued at $2,512,000 after acquiring an additional 114,927 shares during the period. State of Wyoming acquired a new stake in OneSpan during the fourth quarter worth approximately $347,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of OneSpan during the fourth quarter worth approximately $439,000. 95.52% of the stock is currently owned by institutional investors.

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.