Segall Bryant & Hamill LLC Buys 93,263 Shares of OneSpan Inc. (NASDAQ:OSPN)

Segall Bryant & Hamill LLC grew its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 755,172 shares of the company's stock after buying an additional 93,263 shares during the quarter. Segall Bryant & Hamill LLC owned 1.99% of OneSpan worth $12,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after acquiring an additional 219,907 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 last quarter. Acadian Asset Management LLC lifted its stake in OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock worth $4,154,000 after purchasing an additional 295,739 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in OneSpan in the 2nd quarter valued at $662,000. Finally, Inspire Investing LLC acquired a new stake in OneSpan during the third quarter worth about $880,000. Institutional investors own 95.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded 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 lifted their target price for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price objective on shares of OneSpan in a research note on Monday, October 28th. 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $17.13.

OneSpan Trading Up 1.8 %

Shares of OSPN opened at $17.26 on Thursday. The business's 50-day moving average price is $15.93 and its 200 day moving average price is $14.52. The stock has a market capitalization of $655.71 million, a P/E ratio of 23.32 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $17.89.

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.