OneSpan (NASDAQ:OSPN) Trading Up 4% - What's Next?

Shares of OneSpan Inc. (NASDAQ:OSPN - Get Free Report) shot up 4% during trading on Monday . The stock traded as high as $16.83 and last traded at $16.69. 226,001 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 406,025 shares. The stock had previously closed at $16.04.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, December 16th. StockNews.com cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.63.

OneSpan Stock Performance

The stock has a 50 day moving average price of $18.59 and a 200 day moving average price of $17.27. The company has a market capitalization of $638.30 million, a P/E ratio of 22.59 and a beta of 0.83.

OneSpan Announces Dividend

The business 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 payout ratio is 33.10%.

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Institutional Investors Weigh In On OneSpan

Several large investors have recently modified their holdings of OSPN. Meeder Asset Management Inc. lifted its position in shares of OneSpan by 6.8% during the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock worth $231,000 after acquiring an additional 884 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of OneSpan by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after buying an additional 900 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of OneSpan by 8.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock worth $384,000 after buying an additional 1,700 shares in the last quarter. Principal Financial Group Inc. grew its stake in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock valued at $380,000 after acquiring an additional 1,780 shares in the last quarter. Finally, R Squared Ltd bought a new stake in OneSpan during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

About OneSpan

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.