Barclays PLC Acquires 53,060 Shares of OneSpan Inc. (NASDAQ:OSPN)

Barclays PLC lifted its holdings in OneSpan Inc. (NASDAQ:OSPN) by 388.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,719 shares of the company’s stock after buying 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 reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after acquiring an additional 14,086 shares during the last quarter. State Street Corp boosted its holdings in shares of OneSpan by 1.6% in the 3rd 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 during the period. 272 Capital LP bought a new position in shares of OneSpan during the 3rd quarter valued at approximately $1,659,000. Verition Fund Management LLC purchased a new stake in OneSpan during the 3rd quarter valued at $236,000. Finally, Martingale Asset Management L P bought a new stake in OneSpan in the third quarter worth $928,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Trading Up 1.1 %

Shares of OSPN opened at $18.49 on Tuesday. The firm has a market capitalization of $702.45 million, a P/E ratio of 24.99 and a beta of 0.77. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $19.58. The firm has a fifty day moving average price of $18.18 and a 200-day moving average price of $16.02.

OneSpan Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio is currently 64.86%.

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.