Media stories about TransAct Technologies (NASDAQ:TACT) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TransAct Technologies earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.8946121513413 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
TransAct Technologies stock opened at $13.10 on Friday. The firm has a market capitalization of $97.05, a PE ratio of 21.83 and a beta of 1.04. TransAct Technologies has a fifty-two week low of $7.90 and a fifty-two week high of $15.80.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Monday, March 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $13.19 million during the quarter, compared to the consensus estimate of $14.84 million. TransAct Technologies had a return on equity of 17.83% and a net margin of 5.70%. research analysts expect that TransAct Technologies will post 0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.36 dividend on an annualized basis and a yield of 2.75%. TransAct Technologies’s dividend payout ratio is presently 60.00%.
TransAct Technologies declared that its board has approved a share buyback plan on Monday, March 5th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have recently weighed in on TACT shares. B. Riley set a $17.00 price target on shares of TransAct Technologies and gave the stock a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, March 22nd. Finally, ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
In related news, Director Thomas R. Schwarz sold 12,500 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $11.79, for a total value of $147,375.00. Following the transaction, the director now owns 59,859 shares of the company’s stock, valued at $705,737.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.57% of the stock is owned by corporate insiders.
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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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