OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,771 shares of the company's stock after selling 25,850 shares during the period. Los Angeles Capital Management LLC owned 0.42% of OneSpan worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in OneSpan by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 204,871 shares of the company's stock worth $3,798,000 after buying an additional 10,244 shares during the period. Ieq Capital LLC purchased a new position in shares of OneSpan during the fourth quarter worth approximately $219,000. Alberta Investment Management Corp bought a new stake in shares of OneSpan during the fourth quarter valued at approximately $984,000. Atria Wealth Solutions Inc. purchased a new stake in shares of OneSpan in the fourth quarter valued at approximately $210,000. Finally, Sanctuary Advisors LLC bought a new position in OneSpan in the fourth quarter worth approximately $871,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OSPN. Rosenblatt Securities lifted 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. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $17.63.

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OneSpan Price Performance

OneSpan stock traded up $0.38 during trading hours on Monday, reaching $16.42. The stock had a trading volume of 611,032 shares, compared to its average volume of 415,778. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $20.36. The company has a market cap of $623.81 million, a price-to-earnings ratio of 22.19 and a beta of 0.77. The business's 50 day moving average price is $18.75 and its 200-day moving average price is $17.27.

OneSpan Dividend Announcement

The company also recently announced a -- dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan's dividend payout ratio (DPR) is 33.10%.

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.