Alberta Investment Management Corp Acquires Shares of 53,092 OneSpan Inc. (NASDAQ:OSPN)

Alberta Investment Management Corp acquired a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,092 shares of the company's stock, valued at approximately $984,000. Alberta Investment Management Corp owned approximately 0.14% of OneSpan at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new position in shares of OneSpan in the fourth quarter valued at approximately $210,000. Sanctuary Advisors LLC purchased a new position in OneSpan in the 4th quarter valued at approximately $871,000. Principal Financial Group Inc. grew its stake in shares of OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after acquiring an additional 1,780 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of OneSpan during the fourth quarter worth $278,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of OneSpan in the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Stock Performance

NASDAQ OSPN traded down $0.52 during trading on Tuesday, reaching $16.52. 135,287 shares of the company's stock were exchanged, compared to its average volume of 384,326. The company has a 50 day moving average price of $18.92 and a two-hundred day moving average price of $17.23. The stock has a market cap of $627.50 million, a P/E ratio of 22.33 and a beta of 0.77. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $20.36.

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OneSpan Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 31st. OneSpan's payout ratio is 64.86%.

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now directly owns 20,849 shares of the company's stock, valued at $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. 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 currently owned by insiders.

Analyst Ratings Changes

OSPN has been the subject of several analyst reports. StockNews.com raised OneSpan from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 4th. Sidoti raised OneSpan from a "neutral" rating to a "buy" rating and boosted their price objective 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 shares of OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.