TransAct Technologies Incorporated (NASDAQ:TACT) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $16.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 183 out of 255 based on the ratings given to related companies.
TACT has been the topic of a number of research reports. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, August 7th. B. Riley restated a “buy” rating on shares of TransAct Technologies in a research note on Friday, August 3rd. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st.
Shares of TACT stock traded up $0.17 on Friday, reaching $14.57. The stock had a trading volume of 11,235 shares, compared to its average volume of 21,920. The company has a market cap of $106.24 million, a P/E ratio of 24.28 and a beta of 0.79. TransAct Technologies has a 1 year low of $8.80 and a 1 year high of $15.80.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.07. The firm had revenue of $14.75 million for the quarter, compared to the consensus estimate of $12.64 million. TransAct Technologies had a return on equity of 18.19% and a net margin of 5.91%. Sell-side analysts expect that TransAct Technologies will post 0.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Monday, August 20th were paid a $0.09 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.47%. TransAct Technologies’s dividend payout ratio (DPR) is currently 60.00%.
In related news, Chairman Bart C. Shuldman sold 3,462 shares of TransAct Technologies stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $14.40, for a total transaction of $49,852.80. Following the transaction, the chairman now directly owns 19,854 shares in the company, valued at $285,897.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas R. Schwarz sold 5,000 shares of TransAct Technologies stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $14.72, for a total value of $73,600.00. Following the transaction, the director now owns 39,034 shares in the company, valued at $574,580.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,557 shares of company stock worth $299,164. Company insiders own 12.53% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in TransAct Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after purchasing an additional 7,428 shares in the last quarter. Cowen Prime Services LLC lifted its position in TransAct Technologies by 5.4% during the second quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after purchasing an additional 8,299 shares in the last quarter. Acadian Asset Management LLC lifted its position in TransAct Technologies by 23.8% during the second quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after purchasing an additional 14,156 shares in the last quarter. Manatuck Hill Partners LLC purchased a new position in TransAct Technologies during the second quarter valued at $246,000. Finally, Cadence Capital Management LLC lifted its position in TransAct Technologies by 20.4% during the second quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 25,330 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.
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