Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Mirae Asset Global Investments Co. Ltd. grew its position in OneSpan Inc. (NASDAQ:OSPN) by 27.5% during the 4th quarter, HoldingsChannel reports. The fund owned 21,567 shares of the company’s stock after purchasing an additional 4,646 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in OneSpan were worth $405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSPN. State Street Corp lifted 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 buying an additional 25,361 shares during the period. JPMorgan Chase & Co. boosted its position in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock valued at $14,297,000 after buying an additional 14,086 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of OneSpan by 14.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after acquiring an additional 93,263 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after purchasing an additional 157,387 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OSPN shares. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, Rosenblatt Securities lifted their price target 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.63.

OneSpan Stock Performance

OneSpan stock opened at $19.70 on Thursday. The stock has a market capitalization of $748.40 million, a P/E ratio of 26.62 and a beta of 0.77. The company’s fifty day moving average price is $18.88 and its 200 day moving average price is $16.98. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $20.16.

OneSpan Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, February 14th. Stockholders 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 presently 64.86%.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan 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 $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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.