Cornerstone Investment Partners LLC Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Cornerstone Investment Partners LLC acquired a new stake in OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, HoldingsChannel reports. The firm acquired 15,797 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in OneSpan during the 3rd quarter worth approximately $1,968,000. Moody National Bank Trust Division purchased a new position in OneSpan during the 4th quarter worth approximately $219,000. Vanguard Group Inc. grew its stake in OneSpan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,181,554 shares of the company’s stock worth $34,202,000 after buying an additional 11,757 shares during the last quarter. Kennedy Capital Management LLC grew its stake in OneSpan by 93.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 299,987 shares of the company’s stock worth $3,225,000 after buying an additional 144,883 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in OneSpan by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,479,766 shares of the company’s stock worth $15,863,000 after buying an additional 117,463 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Stock Up 0.9 %

OneSpan stock opened at $10.01 on Friday. OneSpan Inc. has a twelve month low of $7.64 and a twelve month high of $17.20. The stock has a 50 day moving average of $10.42 and a two-hundred day moving average of $10.13.

OneSpan (NASDAQ:OSPN) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. OneSpan had a negative return on equity of 6.43% and a negative net margin of 12.68%. The company had revenue of $62.93 million during the quarter. Analysts predict that OneSpan Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Sidoti downgraded OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Tuesday, April 2nd. StockNews.com raised OneSpan from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

Insider Activity

In other OneSpan news, Director Michael J. Mcconnell purchased 5,000 shares of OneSpan stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $9.83 per share, with a total value of $49,150.00. Following the acquisition, the director now directly owns 73,849 shares of the company’s stock, valued at $725,935.67. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

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.