Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $16.50 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 81 out of 257 based on the ratings given to its competitors.
Several analysts have issued reports on the stock. B. Riley raised their price target on shares of TransAct Technologies from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, ValuEngine lowered shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday.
In other news, Chairman Bart C. Shuldman sold 3,462 shares of TransAct Technologies stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $14.40, for a total transaction of $49,852.80. Following the sale, the chairman now directly owns 19,854 shares in the company, valued at approximately $285,897.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.53% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Manatuck Hill Partners LLC acquired a new stake in shares of TransAct Technologies during the 2nd quarter valued at about $246,000. Acadian Asset Management LLC lifted its holdings in TransAct Technologies by 23.8% during the 2nd 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 during the last quarter. Cadence Capital Management LLC lifted its holdings in TransAct Technologies by 20.4% during the 2nd 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 during the last quarter. Cowen Prime Services LLC lifted its holdings in TransAct Technologies by 5.4% during the 2nd 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TransAct Technologies by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 287,664 shares of the technology company’s stock valued at $3,754,000 after purchasing an additional 30,874 shares during the last quarter. Institutional investors and hedge funds own 41.33% of the company’s stock.
NASDAQ TACT traded down $0.23 during midday trading on Monday, hitting $12.37. The company had a trading volume of 48,086 shares, compared to its average volume of 22,483. The firm has a market capitalization of $96.94 million, a price-to-earnings ratio of 20.62 and a beta of 0.67. TransAct Technologies has a fifty-two week low of $10.41 and a fifty-two week high of $15.95.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The company had revenue of $15.84 million for the quarter, compared to analyst estimates of $15.49 million. TransAct Technologies had a net margin of 7.23% and a return on equity of 21.41%. Sell-side analysts forecast that TransAct Technologies will post 0.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.36 annualized dividend and a dividend yield of 2.91%. TransAct Technologies’s dividend payout ratio (DPR) is currently 60.00%.
TransAct Technologies Company Profile
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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