Los Angeles Capital Management LLC Cuts Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Los Angeles Capital Management LLC reduced its position in OneSpan Inc. (NASDAQ:OSPN) by 13.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 159,771 shares of the company’s stock after selling 25,850 shares during the period. Los Angeles Capital Management LLC’s holdings in OneSpan were worth $2,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of OneSpan in the 4th quarter worth $37,000. New York State Teachers Retirement System purchased a new stake in shares of OneSpan during the fourth quarter valued at $64,000. Covestor Ltd bought a new stake in OneSpan in the 3rd quarter worth about $65,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of OneSpan during the 3rd quarter valued at about $158,000. Finally, Intech Investment Management LLC bought a new stake in shares of OneSpan in the third quarter worth approximately $173,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

OneSpan Stock Down 2.3 %

OSPN stock opened at $16.22 on Friday. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $20.36. The firm has a market cap of $616.21 million, a price-to-earnings ratio of 21.92 and a beta of 0.77. The business’s fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $17.23.

OneSpan Dividend Announcement

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 OneSpan 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 completion of the sale, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

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.