Nkcfo LLC Acquires Shares of 15,000 OneSpan Inc. (NASDAQ:OSPN)

Nkcfo LLC bought a new stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $278,000.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in OneSpan during the 4th quarter valued at about $37,000. New York State Teachers Retirement System purchased a new stake in OneSpan in the 4th quarter worth approximately $64,000. Covestor Ltd purchased a new stake in OneSpan in the 3rd quarter worth approximately $65,000. Allspring Global Investments Holdings LLC purchased a new stake in OneSpan in the 3rd quarter worth approximately $158,000. Finally, Intech Investment Management LLC purchased a new stake in OneSpan in the 3rd quarter worth approximately $173,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sidoti upgraded OneSpan from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Rosenblatt Securities increased their price objective on OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, StockNews.com upgraded OneSpan from a "buy" rating to a "strong-buy" rating in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $17.63.

Insider Activity at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction on Monday, December 2nd. The stock was 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. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

OneSpan Stock Performance

Shares of NASDAQ OSPN traded down $0.99 during mid-day trading on Wednesday, hitting $18.81. 469,536 shares of the stock traded hands, compared to its average volume of 381,988. 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 $714.59 million, a price-to-earnings ratio of 25.42 and a beta of 0.77. The stock has a fifty day moving average price of $19.00 and a 200-day moving average price of $17.16.

OneSpan Announces Dividend

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

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.