Legato Capital Management LLC Cuts Holdings in OneSpan Inc. (NASDAQ:OSPN)

Legato Capital Management LLC lowered its holdings in OneSpan Inc. (NASDAQ:OSPN) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,886 shares of the company’s stock after selling 20,045 shares during the quarter. Legato Capital Management LLC’s holdings in OneSpan were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC increased its holdings in OneSpan by 388.5% in the 3rd quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after buying an additional 53,060 shares in the last quarter. 272 Capital LP bought a new stake in shares of OneSpan in the third quarter worth approximately $1,659,000. Charles Schwab Investment Management Inc. raised its holdings in shares of OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock valued at $5,554,000 after purchasing an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock valued at $9,181,000 after purchasing an additional 157,387 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on OSPN. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Rosenblatt Securities upped their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $17.63.

OneSpan Price Performance

NASDAQ:OSPN opened at $19.70 on Thursday. 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 price of $18.88 and a 200-day moving average price of $16.98. The firm has a market capitalization of $748.40 million, a price-to-earnings ratio of 26.62 and a beta of 0.77.

OneSpan Dividend Announcement

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

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction 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 directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

OneSpan Company 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.