Sei Investments Co. Increases Stake in OneSpan Inc. (NASDAQ:OSPN)

Sei Investments Co. grew its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,331 shares of the company's stock after buying an additional 26,564 shares during the quarter. Sei Investments Co. owned 0.37% of OneSpan worth $2,639,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in OSPN. Baader Bank Aktiengesellschaft increased its holdings in shares of OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock valued at $384,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. grew its position in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after buying an additional 1,780 shares during the period. R Squared Ltd purchased a new position in OneSpan in the fourth quarter valued at about $37,000. Charles Schwab Investment Management Inc. lifted its position in shares of OneSpan by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock valued at $6,218,000 after acquiring an additional 2,182 shares during the period. Finally, Ellsworth Advisors LLC boosted its stake in shares of OneSpan by 8.6% during the 4th quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company's stock worth $659,000 after acquiring an additional 2,826 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Ratings Changes

OSPN has been the subject of several research analyst reports. StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, OneSpan presently has an average rating of "Moderate Buy" and a consensus target price of $17.63.

OneSpan Trading Up 9.9 %

Shares of OneSpan stock traded up $1.34 during mid-day trading on Wednesday, hitting $14.91. 483,328 shares of the stock were exchanged, compared to its average volume of 403,562. The stock has a market capitalization of $569.20 million, a price-to-earnings ratio of 20.15 and a beta of 1.03. OneSpan Inc. has a twelve month low of $9.68 and a twelve month high of $20.37. The company has a 50-day simple moving average of $16.77 and a 200 day simple moving average of $17.23.

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.