JPMorgan Chase & Co. Buys 708,020 Shares of OneSpan Inc. (NASDAQ:OSPN)

JPMorgan Chase & Co. grew its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 177.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,106,806 shares of the company's stock after buying an additional 708,020 shares during the period. JPMorgan Chase & Co. owned 2.91% of OneSpan worth $18,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in OneSpan by 1.6% in the third quarter. State Street Corp now owns 1,641,855 shares of the company's stock worth $27,370,000 after purchasing an additional 25,361 shares during the period. Geode Capital Management LLC grew its position in shares of OneSpan by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 857,474 shares of the company's stock worth $14,297,000 after buying an additional 14,086 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of OneSpan by 14.1% during the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company's stock worth $12,589,000 after buying an additional 93,263 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company's stock valued at $5,632,000 after buying an additional 179,497 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 during the last quarter. Institutional investors own 95.52% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now owns 20,849 shares in the company, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company's stock.

OneSpan Stock Performance

NASDAQ OSPN traded down $0.22 during trading hours on Friday, reaching $18.28. 259,376 shares of the company's stock were exchanged, compared to its average volume of 304,946. The company has a market capitalization of $694.48 million, a price-to-earnings ratio of 24.70 and a beta of 0.77. The company's 50-day moving average is $18.14 and its two-hundred day moving average is $15.94. OneSpan Inc. has a one year low of $9.22 and a one year high of $19.58.

OneSpan Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on OSPN. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 4th. Rosenblatt Securities upped 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. Finally, Sidoti upgraded 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 report on Thursday, October 31st. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.