Legato Capital Management LLC Sells 20,045 Shares of OneSpan Inc. (NASDAQ:OSPN)

Legato Capital Management LLC decreased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 23.1% in the fourth quarter, according to its most recent 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 period. Legato Capital Management LLC owned 0.18% of OneSpan worth $1,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSPN. R Squared Ltd purchased a new position in shares of OneSpan during the fourth quarter valued at approximately $37,000. Covestor Ltd bought a new stake in OneSpan in the third quarter valued at $65,000. Allspring Global Investments Holdings LLC purchased a new position in OneSpan during the 3rd quarter valued at $158,000. Intech Investment Management LLC purchased a new stake in shares of OneSpan in the 3rd quarter worth about $173,000. Finally, CWM LLC lifted its position in shares of OneSpan by 68.2% in the 3rd quarter. CWM LLC now owns 10,499 shares of the company’s stock worth $175,000 after purchasing an additional 4,258 shares during the period. Institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

OneSpan Stock Performance

OSPN stock opened at $19.70 on Thursday. The firm has a 50 day moving average price of $18.88 and a 200-day moving average price of $16.98. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $20.16. 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 Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, February 14th. Shareholders 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 payout ratio is 64.86%.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s 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 directly owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.