SG Americas Securities LLC Sells 5,690 Shares of OneSpan Inc. (NASDAQ:OSPN)

SG Americas Securities LLC cut its position in OneSpan Inc. (NASDAQ:OSPN) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,861 shares of the company’s stock after selling 5,690 shares during the quarter. SG Americas Securities LLC’s holdings in OneSpan were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OSPN. JPMorgan Chase & Co. lifted its holdings in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after purchasing an additional 708,020 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after purchasing an additional 179,497 shares during the period. 272 Capital LP purchased a new stake in shares of OneSpan during the 3rd quarter valued at approximately $1,659,000. Segall Bryant & Hamill LLC boosted its holdings in OneSpan by 14.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after buying an additional 93,263 shares during the period. Finally, Martingale Asset Management L P purchased a new position in OneSpan in the 3rd quarter valued at approximately $928,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the business’s 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 completion of the transaction, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have 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 increased 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 lifted their target price for the company from $14.00 to $19.00 in a 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 given a strong buy rating to the stock. According to MarketBeat, OneSpan has a consensus rating of “Buy” and an average price target of $17.63.

OneSpan Stock Performance

OneSpan stock opened at $19.06 on Wednesday. The stock has a market cap of $724.09 million, a P/E ratio of 25.76 and a beta of 0.77. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $20.16. The firm’s fifty day moving average price is $18.75 and its 200-day moving average price is $16.77.

OneSpan Dividend Announcement

The firm 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.