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

Barclays PLC lifted its stake in OneSpan Inc. (NASDAQ:OSPN) by 388.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,719 shares of the company’s stock after acquiring an additional 53,060 shares during the period. Barclays PLC’s holdings in OneSpan were worth $1,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its holdings in OneSpan by 1.6% in the third quarter. State Street Corp now owns 1,641,855 shares of the company’s stock worth $27,370,000 after purchasing an additional 25,361 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in shares of 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 last quarter. Assenagon Asset Management S.A. raised its stake in shares of OneSpan by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after acquiring an additional 179,497 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after acquiring an additional 48,146 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in OneSpan by 30.1% in the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after acquiring an additional 75,381 shares in the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Rosenblatt Securities increased their price target on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, OneSpan has an average rating of “Buy” and a consensus price target of $17.63.

Insider Transactions at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares in the company, valued at $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

OneSpan Price Performance

Shares of OSPN opened at $18.78 on Monday. The company’s fifty day moving average price is $17.47 and its 200-day moving average price is $15.59. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $19.58. The firm has a market capitalization of $713.47 million, a PE ratio of 25.38 and a beta of 0.77.

OneSpan Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, January 31st. OneSpan’s dividend payout ratio is presently 64.86%.

About OneSpan

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.