TransAct Technologies Incorporated (NASDAQ:TACT) – B. Riley boosted their FY2018 EPS estimates for TransAct Technologies in a report released on Wednesday, November 7th. B. Riley analyst K. Anderson now anticipates that the technology company will post earnings per share of $0.71 for the year, up from their prior forecast of $0.65. B. Riley currently has a “Buy” rating and a $16.50 price target on the stock. B. Riley also issued estimates for TransAct Technologies’ Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.96 EPS.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Friday. ValuEngine lowered TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday.
Shares of NASDAQ:TACT opened at $12.37 on Thursday. TransAct Technologies has a 1 year low of $10.41 and a 1 year high of $15.95. The company has a market cap of $112.51 million, a PE ratio of 20.93 and a beta of 0.67.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data 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. TransAct Technologies had a return on equity of 21.41% and a net margin of 7.23%. The business had revenue of $15.84 million for the quarter, compared to analyst estimates of $15.49 million.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.91%. TransAct Technologies’s dividend payout ratio (DPR) is 60.00%.
In other news, Chairman Bart C. Shuldman sold 3,462 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $14.40, for a total transaction of $49,852.80. Following the transaction, the chairman now owns 19,854 shares in the company, valued at approximately $285,897.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.53% of the company’s stock.
Large investors have recently made changes to their positions in the company. Manatuck Hill Partners LLC acquired a new position in TransAct Technologies in the 2nd quarter valued at $246,000. Acadian Asset Management LLC raised its stake in TransAct Technologies by 23.8% in the 2nd 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 last quarter. Cadence Capital Management LLC raised its stake in TransAct Technologies by 20.4% in the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 25,330 shares during the last quarter. Cowen Prime Services LLC raised its stake in TransAct Technologies by 5.4% in the 2nd 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake in TransAct Technologies by 2.6% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 41.33% of the company’s stock.
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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