John Dillon Buys 29,098 Shares of TransAct Technologies (NASDAQ:TACT) Stock

TransAct Technologies Incorporated (NASDAQ:TACT) CEO John Dillon acquired 29,098 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $3.56 per share, for a total transaction of $103,588.88. Following the transaction, the chief executive officer owned 29,098 shares of the company’s stock, valued at approximately $103,588.88. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

John Dillon also recently made the following trade(s):

• On Monday, March 16th, John Dillon bought 70,902 shares of TransAct Technologies stock. The stock was acquired at an average cost of $3.49 per share, with a total value of $247,447.98.

TransAct Technologies Trading Up 3.3%

TACT stock opened at $3.42 on Thursday. The firm has a market cap of $35.02 million, a PE ratio of -28.50 and a beta of 1.30. TransAct Technologies Incorporated has a 1 year low of $3.06 and a 1 year high of $5.70. The company has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $4.24.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Tuesday, March 10th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). TransAct Technologies had a negative return on equity of 3.96% and a negative net margin of 2.41%.The business had revenue of $11.45 million for the quarter, compared to analyst estimates of $11.35 million. As a group, analysts forecast that TransAct Technologies Incorporated will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

TACT has been the subject of several analyst reports. Wall Street Zen lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Zacks Research downgraded TransAct Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TransAct Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. acquired a new position in TransAct Technologies in the 3rd quarter valued at approximately $58,000. Goldman Sachs Group Inc. grew its holdings in shares of TransAct Technologies by 33.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after purchasing an additional 5,100 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of TransAct Technologies during the third quarter valued at approximately $151,000. Teton Advisors LLC bought a new stake in shares of TransAct Technologies during the third quarter valued at approximately $176,000. Finally, Susquehanna International Group LLP acquired a new position in shares of TransAct Technologies in the third quarter valued at $225,000. 74.46% of the stock is currently owned by institutional investors.

About TransAct Technologies

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.