Barclays PLC Increases Holdings in OneSpan Inc. (NASDAQ:OSPN)

Barclays PLC raised its stake in OneSpan Inc. (NASDAQ:OSPN) by 388.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,719 shares of the company’s stock after acquiring an additional 53,060 shares during the period. Barclays PLC owned approximately 0.18% of OneSpan worth $1,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in OneSpan by 16.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after purchasing an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after buying an additional 179,497 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of OneSpan during the second quarter valued at approximately $662,000. Geode Capital Management LLC increased its position in shares of OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock valued at $14,297,000 after acquiring an additional 14,086 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in OneSpan in the 3rd quarter worth approximately $880,000. 95.52% of the stock is currently owned by institutional investors.

OneSpan Trading Up 1.1 %

NASDAQ:OSPN opened at $18.49 on Tuesday. The stock has a 50-day moving average price of $18.18 and a 200 day moving average price of $16.02. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $19.58. The stock has a market capitalization of $702.45 million, a P/E ratio of 24.99 and a beta of 0.77.

OneSpan Announces Dividend

The business also recently disclosed 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 is Friday, January 31st. OneSpan’s payout ratio is currently 64.86%.

Insider Transactions at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Rosenblatt Securities lifted their price objective on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and boosted their target price for the stock 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.