Alberta Investment Management Corp Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Alberta Investment Management Corp acquired a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,092 shares of the company’s stock, valued at approximately $984,000. Alberta Investment Management Corp owned about 0.14% of OneSpan as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OSPN. Meeder Asset Management Inc. boosted its stake in OneSpan by 6.8% in the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock worth $231,000 after buying an additional 884 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in OneSpan by 8.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after purchasing an additional 1,700 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in OneSpan by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after buying an additional 1,780 shares during the period. R Squared Ltd bought a new stake in shares of OneSpan in the 4th quarter worth approximately $37,000. Finally, Ellsworth Advisors LLC increased its stake in shares of OneSpan by 8.6% during the fourth quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company’s stock valued at $659,000 after buying an additional 2,826 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. One investment 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’s stock. According to MarketBeat.com, OneSpan has a consensus rating of “Buy” and a consensus price target of $17.63.

OneSpan Price Performance

OSPN stock opened at $17.18 on Friday. The firm’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $17.19. The company has a market capitalization of $652.67 million, a P/E ratio of 23.22 and a beta of 0.77. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $20.36.

OneSpan Dividend Announcement

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

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.