New York State Teachers Retirement System Makes New $64,000 Investment in OneSpan Inc. (NASDAQ:OSPN)

New York State Teachers Retirement System bought a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,438 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after acquiring an additional 708,020 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares during the period. 272 Capital LP bought a new position in shares of OneSpan during the 3rd quarter valued at approximately $1,659,000. Segall Bryant & Hamill LLC raised its holdings in OneSpan by 14.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock valued at $12,589,000 after buying an additional 93,263 shares during the period. Finally, Martingale Asset Management L P bought a new stake in OneSpan in the third quarter worth $928,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Stock Down 0.8 %

OSPN stock opened at $17.04 on Tuesday. The firm has a market cap of $647.37 million, a price-to-earnings ratio of 23.03 and a beta of 0.77. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $20.36. The business’s fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $17.23.

OneSpan Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan’s payout ratio is 64.86%.

Insider Buying and Selling at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s 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 directly owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on OSPN shares. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Finally, Rosenblatt Securities raised their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.63.

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.