US Bancorp DE Lowers Holdings in OneSpan Inc. (NASDAQ:OSPN)

US Bancorp DE lessened its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,765 shares of the company’s stock after selling 4,443 shares during the period. US Bancorp DE’s holdings in OneSpan were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in OneSpan in the 4th quarter valued at about $37,000. New York State Teachers Retirement System purchased a new position in OneSpan in the 4th quarter valued at approximately $64,000. Intech Investment Management LLC purchased a new position in OneSpan in the 3rd quarter valued at approximately $173,000. Atria Wealth Solutions Inc. purchased a new position in OneSpan in the 4th quarter valued at approximately $210,000. Finally, Ieq Capital LLC purchased a new position in OneSpan in the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com lowered shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.63.

OneSpan Stock Up 3.1 %

Shares of NASDAQ:OSPN opened at $15.75 on Monday. The company has a market cap of $601.27 million, a price-to-earnings ratio of 21.28 and a beta of 0.83. OneSpan Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The firm’s 50-day simple moving average is $18.25 and its 200-day simple moving average is $17.30.

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.