Cornercap Investment Counsel Inc. Sells 24,066 Shares of OneSpan Inc. (NASDAQ:OSPN)

Cornercap Investment Counsel Inc. cut its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 50.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,189 shares of the company’s stock after selling 24,066 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in OneSpan were worth $387,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OSPN. Allspring Global Investments Holdings LLC boosted its position in shares of OneSpan by 100.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,126 shares of the company’s stock worth $129,000 after acquiring an additional 5,578 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of OneSpan by 9.8% in the first quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company’s stock worth $2,593,000 after purchasing an additional 19,828 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of OneSpan by 46.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,957 shares of the company’s stock worth $197,000 after purchasing an additional 5,390 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OneSpan by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock worth $32,499,000 after purchasing an additional 219,907 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of OneSpan by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock worth $598,000 after purchasing an additional 1,706 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

OneSpan Stock Performance

Shares of OSPN stock opened at $16.72 on Friday. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $17.89. The company has a 50-day simple moving average of $15.80 and a two-hundred day simple moving average of $14.41. The company has a market capitalization of $635.19 million, a price-to-earnings ratio of 22.59 and a beta of 0.75.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OSPN. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of OneSpan in a research report on Monday, October 28th. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Finally, Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $19.00 in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.13.

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.