OneSpan Inc. (NASDAQ:OSPN) Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 104.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,380 shares of the company’s stock after purchasing an additional 26,254 shares during the quarter. Franklin Resources Inc.’s holdings in OneSpan were worth $818,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP grew its stake in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares in the last quarter. Quest Partners LLC boosted its position in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after purchasing an additional 2,303 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in OneSpan in the 2nd quarter valued at $41,000. Covestor Ltd bought a new position in OneSpan in the 3rd quarter worth $65,000. Finally, Point72 Asset Management L.P. bought a new stake in OneSpan during the second quarter valued at about $74,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Stock Down 0.9 %

NASDAQ:OSPN opened at $18.78 on Monday. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $19.58. The company’s 50-day moving average price is $17.47 and its two-hundred day moving average price is $15.59. The firm has a market cap of $713.47 million, a PE ratio of 25.38 and a beta of 0.77.

OneSpan Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

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.