OneSpan Inc. (NASDAQ:OSPN - Get Free Report) announced a -- dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Friday, January 31st will be paid a dividend of 0.12 per share on Friday, February 14th. The ex-dividend date of this dividend is Friday, January 31st.
OneSpan has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneSpan to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.7%.
OneSpan Stock Performance
NASDAQ OSPN traded down $0.11 during trading on Tuesday, reaching $19.27. The company's stock had a trading volume of 408,703 shares, compared to its average volume of 403,834. The business's fifty day moving average price is $16.92 and its 200-day moving average price is $15.28. OneSpan has a twelve month low of $9.22 and a twelve month high of $19.58. The firm has a market cap of $732.09 million, a price-to-earnings ratio of 26.04 and a beta of 0.77.
Analyst Ratings Changes
Several research firms have commented on OSPN. Rosenblatt Securities upped their price objective on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday. Sidoti upgraded OneSpan from a "neutral" rating to a "buy" rating and upped their price target for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $17.63.
Check Out Our Latest Analysis on OSPN
Insider Transactions at OneSpan
In related 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 directly owns 20,849 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company's stock.
About OneSpan
(
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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.
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