UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in OneSpan Inc. (NASDAQ:OSPN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in OneSpan Inc. (NASDAQ:OSPN) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,706 shares of the company’s stock after selling 16,269 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of OneSpan worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Quarry LP lifted its holdings in 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 in the last quarter. Quest Partners LLC lifted its holdings in shares of OneSpan by 2,952.6% in 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 position in shares of OneSpan during the second quarter worth $41,000. Covestor Ltd bought a new position in shares of OneSpan during the third quarter worth $65,000. Finally, Point72 Asset Management L.P. bought a new stake in OneSpan in the 2nd quarter valued at $74,000. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Down 0.6 %

Shares of NASDAQ OSPN opened at $19.27 on Wednesday. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $19.58. The firm’s 50-day moving average price is $16.92 and its 200-day moving average price is $15.28. The stock has a market capitalization of $732.09 million, a price-to-earnings ratio of 26.04 and a beta of 0.77.

OneSpan Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, February 14th. Shareholders 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 presently 64.86%.

Analyst Ratings Changes

OSPN has been the subject of several research reports. Rosenblatt Securities increased their price objective on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.63.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.