State of Tennessee Department of Treasury Purchases Shares of 7,914 OneSpan Inc. (NASDAQ:OSPN)

State of Tennessee Department of Treasury purchased a new position in shares of OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,914 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in OneSpan by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company’s stock worth $17,015,000 after buying an additional 70,525 shares during the period. CANADA LIFE ASSURANCE Co increased its position in OneSpan by 8.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 206,935 shares of the company’s stock valued at $3,834,000 after purchasing an additional 16,465 shares during the period. NewEdge Advisors LLC bought a new position in OneSpan during the 4th quarter worth approximately $189,000. Walleye Capital LLC acquired a new position in shares of OneSpan in the 4th quarter worth approximately $461,000. Finally, XTX Topco Ltd bought a new stake in shares of OneSpan in the 4th quarter valued at $708,000. Institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OSPN. StockNews.com cut shares of OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of OneSpan in a research note on Friday.

OneSpan Trading Up 0.8 %

NASDAQ:OSPN opened at $15.17 on Tuesday. OneSpan Inc. has a 12 month low of $11.70 and a 12 month high of $20.37. The stock has a market capitalization of $579.95 million, a price-to-earnings ratio of 20.50 and a beta of 1.21. The firm has a fifty day simple moving average of $15.29 and a two-hundred day simple moving average of $17.13.

OneSpan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, May 16th. OneSpan’s payout ratio is 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.