Principal Financial Group Inc. Increases Holdings in OneSpan Inc. (NASDAQ:OSPN)

Principal Financial Group Inc. raised its position in OneSpan Inc. (NASDAQ:OSPN) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,488 shares of the company’s stock after purchasing an additional 1,780 shares during the quarter. Principal Financial Group Inc.’s holdings in OneSpan were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of OneSpan during the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System purchased a new position in shares of OneSpan during the fourth quarter worth $64,000. Covestor Ltd acquired a new stake in OneSpan during the third quarter valued at $65,000. Intech Investment Management LLC acquired a new stake in shares of OneSpan in the third quarter valued at about $173,000. Finally, Meeder Asset Management Inc. grew its position in shares of OneSpan by 6.8% in the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after purchasing an additional 884 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OSPN shares. StockNews.com downgraded shares of OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Price Performance

OneSpan stock opened at $16.72 on Friday. The business has a 50 day simple moving average of $18.59 and a 200-day simple moving average of $17.27. The stock has a market capitalization of $638.30 million, a PE ratio of 22.59 and a beta of 0.83. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $20.37.

OneSpan Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s payout ratio is 33.10%.

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.