Meeder Asset Management Inc. Increases Stock Holdings in Onespan Inc (NASDAQ:OSPN)

Meeder Asset Management Inc. increased its holdings in shares of Onespan Inc (NASDAQ:OSPN) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,164 shares of the company’s stock after buying an additional 783 shares during the period. Meeder Asset Management Inc.’s holdings in Onespan were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OSPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Onespan by 27.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company’s stock valued at $40,129,000 after buying an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Onespan by 28.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock valued at $32,710,000 after buying an additional 395,222 shares in the last quarter. LSV Asset Management purchased a new position in shares of Onespan during the 4th quarter valued at approximately $4,760,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Onespan by 37.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company’s stock valued at $14,962,000 after buying an additional 219,813 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Onespan during the 1st quarter valued at approximately $3,276,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Onespan Stock Performance

Shares of OSPN stock opened at $14.86 on Thursday. The stock’s fifty day moving average is $16.05 and its two-hundred day moving average is $16.45. The firm has a market capitalization of $568.10 million, a P/E ratio of 10.11 and a beta of 1.15. Onespan Inc has a fifty-two week low of $12.78 and a fifty-two week high of $20.36.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%. Onespan’s payout ratio is currently 32.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OSPN. Wall Street Zen lowered Onespan from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Onespan in a 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.