OneSpan (NASDAQ:OSPN) Hits New 52-Week High – Still a Buy?

Shares of OneSpan Inc. (NASDAQ:OSPN) hit a new 52-week high on Thursday . The stock traded as high as $20.26 and last traded at $20.23, with a volume of 496803 shares trading hands. The stock had previously closed at $19.70.

Analysts Set New Price Targets

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

OneSpan Trading Up 2.7 %

The stock’s 50 day moving average price is $18.88 and its 200 day moving average price is $16.98. The company has a market cap of $768.54 million, a price-to-earnings ratio of 27.34 and a beta of 0.77.

OneSpan Dividend Announcement

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

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. This represents a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of OneSpan

A number of institutional investors have recently modified their holdings of OSPN. Raymond James Financial Inc. purchased a new stake in shares of OneSpan during the 4th quarter worth about $44,699,000. JPMorgan Chase & Co. grew its holdings in shares of OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares during the period. LSV Asset Management purchased a new stake in shares of OneSpan during the 4th quarter worth about $4,760,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of OneSpan by 37.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company’s stock worth $14,962,000 after purchasing an additional 219,813 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of OneSpan by 814.5% during the 4th quarter. Prudential Financial Inc. now owns 211,048 shares of the company’s stock worth $3,913,000 after purchasing an additional 187,970 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

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.