First Personal Financial Services increased its position in Daktronics, Inc. (NASDAQ:DAKT) by 37.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,537 shares of the technology company’s stock after buying an additional 45,285 shares during the quarter. First Personal Financial Services owned about 0.37% of Daktronics worth $1,306,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. MetLife Investment Advisors LLC lifted its holdings in shares of Daktronics by 152.1% during the second quarter. MetLife Investment Advisors LLC now owns 17,820 shares of the technology company’s stock valued at $152,000 after purchasing an additional 10,751 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Daktronics by 19.6% during the second quarter. Renaissance Technologies LLC now owns 708,000 shares of the technology company’s stock valued at $6,025,000 after purchasing an additional 116,200 shares during the last quarter. First Bank & Trust lifted its holdings in shares of Daktronics by 26.7% during the second quarter. First Bank & Trust now owns 1,152,259 shares of the technology company’s stock valued at $9,806,000 after purchasing an additional 242,810 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Daktronics by 7.7% during the second quarter. BlackRock Inc. now owns 5,220,944 shares of the technology company’s stock valued at $44,431,000 after purchasing an additional 373,936 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Daktronics by 2.9% during the first quarter. Principal Financial Group Inc. now owns 299,980 shares of the technology company’s stock valued at $2,643,000 after purchasing an additional 8,342 shares during the last quarter. Institutional investors and hedge funds own 59.30% of the company’s stock.
Daktronics stock traded up $0.03 during mid-day trading on Friday, hitting $7.53. The company’s stock had a trading volume of 7,724 shares, compared to its average volume of 129,767. The company has a current ratio of 1.91, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market cap of $333.97 million, a P/E ratio of 57.62 and a beta of 1.05. Daktronics, Inc. has a 52-week low of $7.14 and a 52-week high of $10.15.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, August 21st. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The business had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $168.52 million. Daktronics had a net margin of 0.29% and a return on equity of 2.96%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS.
Several equities research analysts have recently commented on the company. BidaskClub raised Daktronics from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised Daktronics from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Finally, Singular Research reduced their target price on Daktronics from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, September 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.00.
Daktronics Company Profile
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
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