OneSpan (NASDAQ:OSPN) Downgraded to Buy Rating by StockNews.com

StockNews.com cut shares of OneSpan (NASDAQ:OSPN) from a strong-buy rating to a buy rating in a research note released on Monday morning.

Separately, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Trading Up 2.4 %

Shares of OSPN stock opened at $16.42 on Monday. OneSpan has a 12 month low of $9.22 and a 12 month high of $20.36. The company has a market capitalization of $623.81 million, a P/E ratio of 22.19 and a beta of 0.77. The stock has a 50 day moving average of $18.75 and a two-hundred day moving average of $17.27.

OneSpan Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio is presently 33.10%.

Hedge Funds Weigh In On OneSpan

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of OneSpan during the fourth quarter worth approximately $44,699,000. JPMorgan Chase & Co. increased its holdings in OneSpan by 177.5% during the 3rd 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OneSpan by 27.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company’s stock valued at $40,129,000 after purchasing an additional 469,628 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in OneSpan by 28.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock worth $32,710,000 after purchasing an additional 395,222 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of OneSpan during the fourth quarter worth $4,760,000. 95.52% of the stock is owned by institutional investors.

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.