Lazard Asset Management LLC Increases Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Lazard Asset Management LLC lifted its holdings in OneSpan Inc. (NASDAQ:OSPN) by 49.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,355 shares of the company’s stock after buying an additional 12,767 shares during the period. Lazard Asset Management LLC’s holdings in OneSpan were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OSPN. Raymond James Financial Inc. purchased a new stake in shares of OneSpan during the 4th quarter valued at $44,699,000. Ameriprise Financial Inc. increased its position in OneSpan by 28.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock worth $32,710,000 after buying an additional 395,222 shares during the last quarter. LSV Asset Management bought a new stake in shares of OneSpan in the fourth quarter valued at $4,760,000. Arrowstreet Capital Limited Partnership raised its stake in OneSpan by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company’s stock valued at $14,962,000 after acquiring an additional 219,813 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of OneSpan by 814.5% in the fourth quarter. Prudential Financial Inc. now owns 211,048 shares of the company’s stock worth $3,913,000 after acquiring an additional 187,970 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OSPN. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 14th.

OneSpan Stock Down 1.2%

OneSpan stock opened at $16.11 on Wednesday. The stock has a market cap of $615.89 million, a price-to-earnings ratio of 21.77 and a beta of 1.21. The business has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $17.19. OneSpan Inc. has a 52 week low of $12.28 and a 52 week high of $20.37.

OneSpan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 2.98%. OneSpan’s payout ratio is presently 32.65%.

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.