D. E. Shaw & Co. Inc. Sells 145,465 Shares of OneSpan Inc. (NASDAQ:OSPN)

D. E. Shaw & Co. Inc. lessened its holdings in OneSpan Inc. (NASDAQ:OSPN) by 72.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,081 shares of the company’s stock after selling 145,465 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.15% of OneSpan worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in OneSpan in the fourth quarter worth $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC bought a new stake in shares of OneSpan in the 4th quarter valued at $109,000. State of Tennessee Department of Treasury bought a new stake in shares of OneSpan in the 4th quarter valued at $147,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in OneSpan during the 4th quarter worth $152,000. Institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen cut OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd.

OneSpan Stock Up 0.5%

Shares of NASDAQ:OSPN opened at $15.81 on Friday. OneSpan Inc. has a 12-month low of $12.28 and a 12-month high of $20.37. The business has a 50 day moving average of $15.24 and a 200-day moving average of $17.17. The stock has a market cap of $604.42 million, a PE ratio of 21.36 and a beta of 1.21.

OneSpan Announces Dividend

The company 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.04%. OneSpan’s dividend payout ratio (DPR) is currently 32.65%.

About OneSpan

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.