18,708 Shares in OneSpan Inc. (NASDAQ:OSPN) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new position in shares of OneSpan Inc. (NASDAQ:OSPN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,708 shares of the company’s stock, valued at approximately $312,000.

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

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $18.75 on Tuesday. The stock has a market capitalization of $712.33 million, a price-to-earnings ratio of 25.34 and a beta of 0.77. The business’s fifty day moving average price is $17.95 and its two-hundred day moving average price is $15.86. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $19.58.

OneSpan Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OSPN shares. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Rosenblatt Securities boosted their price target on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $17.63.

Insider Activity at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the firm’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 trade represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

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.