TransAct Technologies Incorporated (NASDAQ:TACT) – Analysts at B. Riley lifted their Q2 2018 earnings per share (EPS) estimates for TransAct Technologies in a research note issued to investors on Friday. B. Riley analyst K. Anderson now expects that the technology company will earn $0.20 per share for the quarter, up from their prior forecast of $0.17. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. B. Riley also issued estimates for TransAct Technologies’ Q3 2018 earnings at $0.20 EPS and FY2018 earnings at $0.79 EPS.
Other equities analysts have also recently issued research reports about the company. ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Saturday, November 4th.
Shares of TransAct Technologies (NASDAQ:TACT) traded down $0.05 on Monday, reaching $15.25. The company’s stock had a trading volume of 1,438 shares, compared to its average volume of 48,710. The firm has a market cap of $111.96, a PE ratio of 23.06 and a beta of 0.91. TransAct Technologies has a 12 month low of $6.80 and a 12 month high of $15.80.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.12. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. The business had revenue of $15.52 million for the quarter, compared to the consensus estimate of $14.58 million.
In other TransAct Technologies news, SVP Andrew John Hoffman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.01, for a total transaction of $390,300.00. Following the completion of the sale, the senior vice president now directly owns 14,791 shares in the company, valued at approximately $192,430.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven A. Demartino sold 20,752 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.03, for a total value of $270,398.56. Following the sale, the chief financial officer now owns 60,588 shares of the company’s stock, valued at $789,461.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,663 shares of company stock valued at $1,360,511. 13.22% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its position in TransAct Technologies by 7.0% in the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after acquiring an additional 1,730 shares during the period. Macquarie Group Ltd. purchased a new position in TransAct Technologies in the third quarter worth approximately $123,000. Dimensional Fund Advisors LP grew its position in TransAct Technologies by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock worth $2,376,000 after acquiring an additional 5,607 shares during the period. B. Riley Financial Inc. grew its position in TransAct Technologies by 80.3% in the third quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after acquiring an additional 58,793 shares during the period. Finally, Algert Global LLC grew its position in TransAct Technologies by 30.3% in the third quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after acquiring an additional 12,529 shares during the period. Institutional investors and hedge funds own 38.47% of the company’s stock.
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TransAct Technologies Company Profile
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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