OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its position in shares of OneSpan Inc. (NASDAQ:OSPN) by 13.6% during the 4th quarter, Holdings Channel reports. The firm owned 45,578 shares of the company’s stock after selling 7,182 shares during the period. Inspire Investing LLC’s holdings in OneSpan were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its stake in OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares in the last quarter. Covestor Ltd acquired a new stake in OneSpan in the 3rd quarter valued at about $65,000. Point72 Asset Management L.P. bought a new position in shares of OneSpan during the 2nd quarter valued at about $74,000. Allspring Global Investments Holdings LLC acquired a new position in shares of OneSpan in the 3rd quarter worth approximately $158,000. Finally, Intech Investment Management LLC acquired a new position in shares of OneSpan in the 3rd quarter worth approximately $173,000. Institutional investors own 95.52% of the company’s stock.

Insiders Place Their Bets

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares in the company, valued at $385,914.99. This represents a 71.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

OneSpan Price Performance

OSPN stock opened at $19.71 on Friday. The firm has a market capitalization of $748.78 million, a P/E ratio of 26.64 and a beta of 0.77. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $19.86. The company’s 50 day simple moving average is $18.49 and its 200-day simple moving average is $16.37.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $56.24 million for the quarter. OneSpan had a net margin of 11.73% and a return on equity of 23.27%. During the same period last year, the firm earned $0.04 earnings per share. Sell-side analysts predict that OneSpan Inc. will post 1.11 EPS for the current fiscal year.

OneSpan Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, OneSpan has a consensus rating of “Buy” and an average price target of $17.63.

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.