Shares of OneSpan Inc. (NASDAQ:OSPN - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $20.26 and last traded at $20.23, with a volume of 496803 shares. The stock had previously closed at $19.70.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on OSPN. Rosenblatt Securities lifted their price target on shares of OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Sidoti upgraded shares of OneSpan from a "neutral" rating to a "buy" rating and boosted their target price for the company from $14.00 to $19.00 in a research report 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 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 stock presently has an average rating of "Buy" and an average target price of $17.63.
Check Out Our Latest Stock Analysis on OSPN
OneSpan Stock Down 0.1 %
The firm's fifty day moving average price is $18.98 and its 200 day moving average price is $17.11. The stock has a market cap of $767.40 million, a PE ratio of 27.30 and a beta of 0.77.
OneSpan Announces Dividend
The business also recently announced a -- dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan's dividend payout ratio (DPR) is presently 64.86%.
Insider Transactions at OneSpan
In other news, Director Michael J. Mcconnell sold 53,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.
Institutional Investors Weigh In On OneSpan
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in OneSpan by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after purchasing an additional 38,362 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in OneSpan during the fourth quarter valued at $44,699,000. Legal & General Group Plc raised its stake in OneSpan by 0.8% during the fourth quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock valued at $40,706,000 after purchasing an additional 16,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in OneSpan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock valued at $40,129,000 after purchasing an additional 469,628 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in OneSpan by 28.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock valued at $32,710,000 after purchasing an additional 395,222 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.
OneSpan Company Profile
(
Get Free Report)
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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