Price T Rowe Associates Inc. MD Decreases Stake in OneSpan Inc. (NASDAQ:OSPN)

Price T Rowe Associates Inc. MD cut its stake in OneSpan Inc. (NASDAQ:OSPN) by 13.3% in the fourth quarter, Holdings Channel reports. The firm owned 43,566 shares of the company’s stock after selling 6,666 shares during the period. Price T Rowe Associates Inc. MD’s holdings in OneSpan were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of OneSpan in the fourth quarter worth $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC acquired a new position in shares of OneSpan in the 4th quarter valued at $109,000. State of Tennessee Department of Treasury purchased a new position in OneSpan in the 4th quarter worth $147,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in OneSpan during the 4th quarter worth about $152,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd. StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a report on Friday, March 28th.

OneSpan Stock Up 1.6%

Shares of OSPN stock opened at $15.78 on Monday. OneSpan Inc. has a 52-week low of $11.94 and a 52-week high of $20.37. The stock has a market cap of $603.27 million, a PE ratio of 21.32 and a beta of 1.21. The business has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $17.16.

OneSpan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.04%. OneSpan’s dividend payout ratio is presently 32.65%.

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.