OneSpan Inc. (NASDAQ:OSPN) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 104.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,380 shares of the company’s stock after purchasing an additional 26,254 shares during the period. Franklin Resources Inc. owned approximately 0.14% of OneSpan worth $818,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP raised its holdings in shares of 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 grew its position in shares of OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after buying an additional 2,303 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of OneSpan in the 2nd quarter worth about $41,000. Covestor Ltd acquired a new stake in OneSpan during the third quarter valued at approximately $65,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of OneSpan during the 2nd quarter valued at approximately $74,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the sale, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSPN. Rosenblatt Securities boosted their price objective on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $17.63.

OneSpan Trading Down 0.9 %

OSPN stock opened at $18.78 on Monday. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $19.58. The company has a market capitalization of $713.47 million, a price-to-earnings ratio of 25.38 and a beta of 0.77. The firm’s 50-day moving average is $17.47 and its two-hundred day moving average is $15.59.

OneSpan Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is presently 64.86%.

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.