OneSpan’s (OSPN) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of OneSpan (NASDAQ:OSPN) in a research note issued to investors on Friday,Benzinga reports. They currently have a $20.00 target price on the stock.

Separately, StockNews.com lowered shares of OneSpan from a “buy” rating to a “hold” rating in a report on Friday, March 28th.

OneSpan Stock Up 2.7 %

Shares of OSPN opened at $15.05 on Friday. The firm has a market cap of $575.36 million, a PE ratio of 20.34 and a beta of 1.21. The company’s fifty day moving average is $15.32 and its two-hundred day moving average is $17.14. OneSpan has a fifty-two week low of $11.70 and a fifty-two week high of $20.37.

OneSpan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, May 16th. OneSpan’s dividend payout ratio (DPR) is presently 32.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OSPN. R Squared Ltd bought a new position in shares of OneSpan in the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System bought a new stake in shares of OneSpan in the 4th quarter valued at approximately $64,000. Copeland Capital Management LLC bought a new position in shares of OneSpan during the 1st quarter worth approximately $64,000. Steward Partners Investment Advisory LLC bought a new stake in shares of OneSpan in the 4th quarter worth about $109,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of OneSpan during the fourth quarter worth $147,000. 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.