Headlines about TransAct Technologies (NASDAQ:TACT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransAct Technologies earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 48.5833916414904 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several brokerages recently weighed in on TACT. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, March 22nd. B. Riley restated a “buy” rating and issued a $17.00 price target (up previously from $13.00) on shares of TransAct Technologies in a research report on Friday, January 26th.
TACT traded up $0.09 during trading hours on Friday, hitting $11.05. The company’s stock had a trading volume of 6,120 shares, compared to its average volume of 16,619. TransAct Technologies has a 12 month low of $8.15 and a 12 month high of $15.80. The stock has a market capitalization of $81.80 million, a PE ratio of 18.42 and a beta of 1.06.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. TransAct Technologies had a net margin of 5.40% and a return on equity of 16.80%. The company had revenue of $12.24 million for the quarter, compared to analysts’ expectations of $12.45 million. analysts anticipate that TransAct Technologies will post 0.64 earnings per share for the current year.
TransAct Technologies announced that its Board of Directors has authorized a stock repurchase program on Monday, March 5th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, May 21st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 18th. TransAct Technologies’s dividend payout ratio is presently 60.00%.
In related news, Director Thomas R. Schwarz sold 12,500 shares of the business’s stock in a transaction 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 sale, the director now owns 59,859 shares in the company, valued at $705,737.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.53% of the company’s stock.
About TransAct Technologies
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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