Bailard Inc. Sells 3,600 Shares of OneSpan Inc. (NASDAQ:OSPN)

Bailard Inc. decreased its stake in OneSpan Inc. (NASDAQ:OSPN) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,700 shares of the company’s stock after selling 3,600 shares during the period. Bailard Inc.’s holdings in OneSpan were worth $310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. R Squared Ltd purchased a new position in OneSpan in the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System purchased a new position in shares of OneSpan during the 4th quarter valued at $64,000. Covestor Ltd purchased a new stake in OneSpan in the 3rd quarter worth about $65,000. Intech Investment Management LLC purchased a new stake in OneSpan in the 3rd quarter worth about $173,000. Finally, Atria Wealth Solutions Inc. bought a new stake in OneSpan in the 4th quarter valued at about $210,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSPN. StockNews.com lowered shares of OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Monday. Rosenblatt Securities boosted their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Price Performance

OSPN opened at $16.67 on Thursday. The firm has a market capitalization of $636.39 million, a P/E ratio of 22.53 and a beta of 0.83. OneSpan Inc. has a one year low of $9.22 and a one year high of $20.37. The company has a fifty day moving average price of $18.68 and a 200-day moving average price of $17.28.

OneSpan Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan’s payout ratio is 33.10%.

OneSpan 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.