Barclays PLC Acquires 53,060 Shares of OneSpan Inc. (NASDAQ:OSPN)

Barclays PLC grew its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 388.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,719 shares of the company's stock after buying an additional 53,060 shares during the period. Barclays PLC owned approximately 0.18% of OneSpan worth $1,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of OneSpan by 16.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock valued at $5,554,000 after acquiring an additional 48,146 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company's stock worth $5,632,000 after purchasing an additional 179,497 shares during the period. Acadian Asset Management LLC raised its position in shares of OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock valued at $4,154,000 after buying an additional 295,739 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of OneSpan in the second quarter valued at approximately $662,000. Finally, Inspire Investing LLC acquired a new stake in OneSpan during the third quarter worth approximately $880,000. Institutional investors and hedge funds own 95.52% of the company's stock.

OneSpan Trading Down 0.1 %

OSPN stock traded down $0.02 during trading on Monday, hitting $18.76. The company had a trading volume of 250,302 shares, compared to its average volume of 402,116. OneSpan Inc. has a one year low of $9.22 and a one year high of $19.58. The business has a 50-day moving average of $17.47 and a 200-day moving average of $15.61. The stock has a market cap of $712.71 million, a PE ratio of 25.35 and a beta of 0.77.

OneSpan Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, January 31st. OneSpan's dividend payout ratio (DPR) is currently 64.86%.

Analyst Ratings Changes

Several equities analysts have commented on OSPN shares. StockNews.com raised shares of OneSpan from a "buy" rating to a "strong-buy" rating in a report on Monday, November 4th. Sidoti upgraded OneSpan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, Rosenblatt Securities lifted their price target on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $17.63.

Insider Activity

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction dated 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 owns 20,849 shares in the company, valued at approximately $385,914.99. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

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.