JPMorgan Chase & Co. Boosts Position in OneSpan Inc. (NASDAQ:OSPN)

JPMorgan Chase & Co. raised its position in OneSpan Inc. (NASDAQ:OSPN) by 177.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,106,806 shares of the company’s stock after acquiring an additional 708,020 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.91% of OneSpan worth $18,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP lifted its stake in shares of OneSpan by 860.4% in 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 period. Quest Partners LLC increased its holdings in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after buying an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in OneSpan in the second quarter worth approximately $41,000. Covestor Ltd purchased a new position in shares of OneSpan during the 3rd quarter worth $65,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of OneSpan during the 2nd quarter valued at $74,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

OneSpan Stock Performance

Shares of OSPN stock opened at $18.50 on Friday. The stock has a fifty day simple moving average of $18.14 and a two-hundred day simple moving average of $15.94. The firm has a market capitalization of $702.83 million, a PE ratio of 25.00 and a beta of 0.77. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $19.58.

OneSpan Announces Dividend

The firm 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 of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio is currently 64.86%.

Insider Activity at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction 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 sale, the director now directly owns 20,849 shares in the company, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by corporate 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.