OneSpan Inc. (NASDAQ:OSPN) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its stake in OneSpan Inc. (NASDAQ:OSPN) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 406,790 shares of the company’s stock after purchasing an additional 20,854 shares during the quarter. Northern Trust Corp’s holdings in OneSpan were worth $7,542,000 at the end of the most recent reporting period.

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

OneSpan Stock Up 0.3%

OSPN opened at $16.24 on Monday. OneSpan Inc. has a 52-week low of $12.28 and a 52-week high of $20.37. The company has a 50 day moving average of $15.22 and a two-hundred day moving average of $17.20. The company has a market cap of $620.86 million, a P/E ratio of 21.95 and a beta of 1.21.

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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. OneSpan’s dividend payout ratio (DPR) is 32.65%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of OneSpan in a research report on Friday, May 2nd.

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.