TransAct Technologies Incorporated (NASDAQ:TACT) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $15.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 205 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on TACT shares. B. Riley set a $17.00 price objective on shares of TransAct Technologies and gave the company a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, January 31st.
In other TransAct Technologies news, Director Thomas R. Schwarz sold 12,500 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $11.79, for a total value of $147,375.00. Following the transaction, the director now directly owns 59,859 shares in the company, valued at $705,737.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.53% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in TransAct Technologies in the fourth quarter worth approximately $100,000. Trexquant Investment LP bought a new position in TransAct Technologies in the first quarter worth approximately $153,000. Seizert Capital Partners LLC bought a new position in TransAct Technologies in the first quarter worth approximately $258,000. Spark Investment Management LLC raised its position in TransAct Technologies by 32.9% in the fourth quarter. Spark Investment Management LLC now owns 20,600 shares of the technology company’s stock worth $272,000 after acquiring an additional 5,100 shares during the period. Finally, Acadian Asset Management LLC raised its position in TransAct Technologies by 732.9% in the fourth quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock worth $284,000 after acquiring an additional 18,916 shares during the period. Institutional investors and hedge funds own 39.33% of the company’s stock.
Shares of TransAct Technologies stock opened at $11.75 on Tuesday. The company has a market cap of $85.50 million, a P/E ratio of 19.58 and a beta of 1.06. TransAct Technologies has a twelve month low of $11.50 and a twelve month high of $11.50.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The company had revenue of $12.24 million for the quarter, compared to the consensus estimate of $12.45 million. TransAct Technologies had a net margin of 5.40% and a return on equity of 16.80%. equities analysts expect that TransAct Technologies will post 0.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, May 21st will be given a dividend of $0.09 per share. The ex-dividend date is Friday, May 18th. This represents a $0.36 dividend on an annualized basis and a yield of 3.06%. TransAct Technologies’s dividend payout ratio (DPR) is 60.00%.
TransAct Technologies declared that its Board of Directors has authorized a share buyback plan on Monday, March 5th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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