Nkcfo LLC Invests $278,000 in OneSpan Inc. (NASDAQ:OSPN)

Nkcfo LLC purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the 4th quarter, Holdings Channel reports. The fund purchased 15,000 shares of the company’s stock, valued at approximately $278,000.

A number of other large investors have also recently modified their holdings of OSPN. R Squared Ltd bought a new stake in OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System purchased a new position in shares of OneSpan during the fourth quarter valued at $64,000. Covestor Ltd bought a new stake in shares of OneSpan in the third quarter valued at about $65,000. Allspring Global Investments Holdings LLC purchased a new stake in OneSpan in the third quarter worth about $158,000. Finally, Intech Investment Management LLC bought a new position in OneSpan during the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Stock Down 0.1 %

NASDAQ OSPN opened at $20.20 on Friday. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $20.37. The company has a 50 day moving average price of $18.95 and a 200 day moving average price of $17.06. The firm has a market cap of $767.40 million, a PE ratio of 27.30 and a beta of 0.77.

OneSpan Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, February 14th. Stockholders 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 dividend payout ratio is presently 64.86%.

Insider Transactions at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.