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

Bailard Inc. lowered its position in OneSpan Inc. (NASDAQ:OSPN) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OSPN. R Squared Ltd bought a new position in shares of OneSpan in the 4th quarter worth $37,000. New York State Teachers Retirement System bought a new position in shares of OneSpan in the fourth quarter valued at $64,000. Covestor Ltd acquired a new position in shares of OneSpan during the third quarter valued at about $65,000. Intech Investment Management LLC bought a new stake in shares of OneSpan during the third quarter worth about $173,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of OneSpan in the 4th quarter worth about $210,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OSPN shares. Rosenblatt Securities lifted their price target on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com cut OneSpan from a “strong-buy” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.63.

OneSpan Stock Performance

Shares of OSPN stock opened at $16.67 on Thursday. The company has a market capitalization of $636.39 million, a price-to-earnings ratio of 22.53 and a beta of 0.83. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $20.37. The company has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $17.28.

OneSpan Announces Dividend

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

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.