Migdal Insurance & Financial Holdings Ltd. Reduces Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,899 shares of the company’s stock after selling 1,139 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in OneSpan were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of OneSpan during the fourth quarter worth approximately $37,000. Covestor Ltd purchased a new position in shares of OneSpan during the third quarter worth approximately $65,000. Allspring Global Investments Holdings LLC purchased a new position in shares of OneSpan during the third quarter worth approximately $158,000. Intech Investment Management LLC purchased a new position in shares of OneSpan during the third quarter worth approximately $173,000. Finally, CWM LLC grew its position in shares of OneSpan by 68.2% during the third quarter. CWM LLC now owns 10,499 shares of the company’s stock worth $175,000 after acquiring an additional 4,258 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. 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 research report on Monday, December 16th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $17.63.

Insider Transactions at OneSpan

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

OneSpan Stock Performance

OneSpan stock opened at $19.18 on Friday. The company has a market cap of $728.67 million, a P/E ratio of 25.92 and a beta of 0.77. OneSpan Inc. has a one year low of $9.22 and a one year high of $20.16. The business has a fifty day moving average of $18.79 and a two-hundred day moving average of $16.80.

OneSpan Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is presently 64.86%.

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.