235,673 Shares in Onespan Inc $OSPN Bought by Nuveen LLC

Nuveen LLC acquired a new stake in Onespan Inc (NASDAQ:OSPN) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 235,673 shares of the company’s stock, valued at approximately $3,594,000. Nuveen LLC owned approximately 0.62% of Onespan at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of Onespan by 9.2% in the first quarter. Invesco Ltd. now owns 67,173 shares of the company’s stock valued at $1,024,000 after buying an additional 5,681 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Onespan by 2.9% in the first quarter. Jupiter Asset Management Ltd. now owns 244,735 shares of the company’s stock valued at $3,732,000 after buying an additional 6,797 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Onespan by 241.2% in the first quarter. GSA Capital Partners LLP now owns 75,657 shares of the company’s stock valued at $1,154,000 after buying an additional 53,486 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock valued at $94,000 after buying an additional 783 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Onespan in the first quarter valued at $183,000. 95.52% of the stock is owned by institutional investors.

Insider Activity at Onespan

In other Onespan news, Director Garry L. Capers purchased 2,000 shares of the stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director directly owned 36,894 shares in the company, valued at approximately $482,204.58. This trade represents a 5.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Zenner purchased 2,200 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the transaction, the director owned 71,273 shares of the company’s stock, valued at approximately $912,294.40. This trade represents a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Onespan Price Performance

Shares of OSPN stock opened at $14.82 on Thursday. The firm has a 50-day moving average of $15.22 and a 200-day moving average of $15.74. The company has a market cap of $568.05 million, a P/E ratio of 9.81 and a beta of 1.12. Onespan Inc has a one year low of $12.51 and a one year high of $20.36.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. Onespan’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

A number of research firms have weighed in on OSPN. B. Riley began coverage on shares of Onespan in a research note on Tuesday. They issued a “buy” rating and a $23.00 price objective on the stock. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Rosenblatt Securities dropped their price objective on shares of Onespan from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Onespan currently has a consensus rating of “Buy” and a consensus target price of $19.67.

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.