TransAct Technologies (NASDAQ:TACT) had its price objective upped by equities research analysts at B. Riley from $16.00 to $16.50 in a research report issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. B. Riley’s target price would suggest a potential upside of 8.20% from the company’s current price.
Separately, Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, August 7th.
Shares of TACT opened at $15.25 on Wednesday. TransAct Technologies has a 12 month low of $10.41 and a 12 month high of $15.95. The firm has a market cap of $108.75 million, a P/E ratio of 25.42 and a beta of 0.67.
TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The business had revenue of $15.84 million during the quarter, compared to analysts’ expectations of $15.49 million. TransAct Technologies had a net margin of 5.91% and a return on equity of 18.19%. Analysts forecast that TransAct Technologies will post 0.65 EPS for the current fiscal year.
In other TransAct Technologies news, CFO Steven A. Demartino sold 5,000 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $14.57, for a total value of $72,850.00. Following the completion of the sale, the chief financial officer now owns 57,243 shares in the company, valued at $834,030.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bart C. Shuldman sold 3,462 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $14.40, for a total transaction of $49,852.80. Following the completion of the sale, the chairman now owns 19,854 shares of the company’s stock, valued at approximately $285,897.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,734 shares of company stock valued at $140,956. Corporate insiders own 12.53% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of TransAct Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after purchasing an additional 7,428 shares during the period. Cadence Capital Management LLC raised its position in shares of TransAct Technologies by 16.1% in the third quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock valued at $2,497,000 after purchasing an additional 24,046 shares during the period. Cowen Prime Services LLC raised its position in shares of TransAct Technologies by 5.4% in the second quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after purchasing an additional 8,299 shares during the period. Acadian Asset Management LLC raised its position in shares of TransAct Technologies by 23.8% in the second quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after purchasing an additional 14,156 shares during the period. Finally, Manatuck Hill Partners LLC bought a new position in shares of TransAct Technologies in the second quarter valued at about $246,000. 41.33% of the stock is currently owned by institutional investors.
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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