OneSpan (NASDAQ:OSPN) Downgraded by StockNews.com to Buy

StockNews.com cut shares of OneSpan (NASDAQ:OSPN) from a strong-buy rating to a buy rating in a research note released on Monday morning.

Separately, Rosenblatt Securities upped their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.63.

OneSpan Price Performance

Shares of OneSpan stock opened at $16.67 on Monday. The business has a 50 day moving average price of $18.68 and a 200 day moving average price of $17.28. The company has a market capitalization of $636.39 million, a P/E ratio of 22.53 and a beta of 0.83. OneSpan has a 1 year low of $9.22 and a 1 year high of $20.37.

OneSpan Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is currently 33.10%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSPN. R Squared Ltd acquired a new stake in shares of OneSpan during the fourth quarter worth $37,000. New York State Teachers Retirement System acquired a new stake in OneSpan in the 4th quarter worth about $64,000. Covestor Ltd acquired a new stake in OneSpan in the 3rd quarter worth about $65,000. Steward Partners Investment Advisory LLC purchased a new stake in OneSpan in the 4th quarter valued at about $109,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of OneSpan during the 4th quarter valued at about $147,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

About OneSpan

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.