Segall Bryant & Hamill LLC Has $3.39 Million Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Segall Bryant & Hamill LLC cut its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 75.8% in the 4th quarter, HoldingsChannel reports. The fund owned 182,821 shares of the company’s stock after selling 572,351 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in OneSpan were worth $3,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of OneSpan during the fourth quarter worth approximately $44,699,000. JPMorgan Chase & Co. increased its position in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the period. Prudential Financial Inc. lifted its holdings in shares of OneSpan by 814.5% during the fourth quarter. Prudential Financial Inc. now owns 211,048 shares of the company’s stock worth $3,913,000 after buying an additional 187,970 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock valued at $9,181,000 after acquiring an additional 157,387 shares during the period. Finally, 272 Capital LP acquired a new position in shares of OneSpan in the third quarter valued at about $1,659,000. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Down 2.5 %

NASDAQ:OSPN opened at $15.91 on Friday. The stock’s 50-day moving average is $17.79 and its 200-day moving average is $17.30. The stock has a market cap of $607.38 million, a P/E ratio of 21.50 and a beta of 0.83. OneSpan Inc. has a 1-year low of $9.68 and a 1-year high of $20.37.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OSPN. Rosenblatt Securities lifted their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com cut OneSpan from a “buy” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.63.

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.