Marshall Wace LLP Has $11.46 Million Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Marshall Wace LLP grew its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 122.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 322,293 shares of the industrial products company’s stock after purchasing an additional 177,727 shares during the period. Marshall Wace LLP owned about 0.88% of Napco Security Technologies worth $11,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSSC. Corient Private Wealth LLC raised its holdings in Napco Security Technologies by 102.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company’s stock valued at $644,000 after acquiring an additional 768,629 shares in the last quarter. Wellington Management Group LLP bought a new stake in Napco Security Technologies during the fourth quarter worth about $10,427,000. JPMorgan Chase & Co. grew its stake in Napco Security Technologies by 318.6% during the fourth quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company’s stock worth $10,092,000 after buying an additional 216,017 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 15.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company’s stock valued at $42,481,000 after buying an additional 156,495 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of Napco Security Technologies by 94.4% in the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock valued at $9,945,000 after buying an additional 135,802 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 1.3 %

NSSC stock opened at $21.41 on Tuesday. The stock has a market cap of $779.35 million, a P/E ratio of 16.47 and a beta of 1.51. Napco Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $58.09. The stock’s fifty day simple moving average is $23.50 and its two-hundred day simple moving average is $31.97.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue was down 9.3% on a year-over-year basis. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSSC. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC cut their price target on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.50.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.