OneSpan Inc. (NASDAQ:OSPN) Stock Position Lifted by Fmr LLC

Fmr LLC lifted its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 513.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,805 shares of the company’s stock after purchasing an additional 14,902 shares during the quarter. Fmr LLC’s holdings in OneSpan were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP increased its stake in OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares during the period. Quest Partners LLC boosted its holdings in shares of OneSpan by 2,952.6% in the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after acquiring an additional 2,303 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of OneSpan during the second quarter valued at approximately $41,000. Covestor Ltd bought a new stake in OneSpan during the third quarter worth approximately $65,000. Finally, Point72 Asset Management L.P. acquired a new stake in OneSpan in the second quarter worth approximately $74,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction that occurred 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 directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

OneSpan Stock Performance

NASDAQ OSPN opened at $18.25 on Friday. The stock has a market capitalization of $693.34 million, a P/E ratio of 24.66 and a beta of 0.77. The business’s fifty day moving average is $17.11 and its two-hundred day moving average is $15.36. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $19.58.

OneSpan Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio is currently 64.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Rosenblatt Securities lifted 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. Sidoti raised 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 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 equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.63.

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.