Northern Trust Corp Boosts Holdings in OneSpan Inc. (NASDAQ:OSPN)

Northern Trust Corp raised its holdings in OneSpan Inc. (NASDAQ:OSPN) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 406,790 shares of the company’s stock after purchasing an additional 20,854 shares during the quarter. Northern Trust Corp owned 1.07% of OneSpan worth $7,542,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of OneSpan in the fourth quarter worth about $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the fourth quarter worth about $64,000. Steward Partners Investment Advisory LLC acquired a new position in shares of OneSpan in the fourth quarter worth about $109,000. State of Tennessee Department of Treasury acquired a new position in shares of OneSpan in the fourth quarter worth about $147,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of OneSpan in the fourth quarter worth about $152,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

OneSpan Stock Up 0.3%

OneSpan stock opened at $16.24 on Monday. The firm has a market cap of $620.86 million, a PE ratio of 21.95 and a beta of 1.21. OneSpan Inc. has a 52-week low of $12.28 and a 52-week high of $20.37. The company’s 50 day moving average is $15.22 and its two-hundred day moving average is $17.20.

OneSpan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.96%. OneSpan’s payout ratio is 32.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd.

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.