Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price objective of $16.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 170 out of 255 based on the ratings given to its competitors.
TACT has been the subject of several recent research reports. B. Riley restated a “buy” rating on shares of TransAct Technologies in a report on Friday, August 3rd. Zacks Investment Research upgraded TransAct Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 7th. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st.
Shares of NASDAQ TACT traded down $0.35 during midday trading on Monday, hitting $13.90. 3,539 shares of the stock traded hands, compared to its average volume of 17,225. The company has a market cap of $104.03 million, a price-to-earnings ratio of 23.17 and a beta of 0.99. TransAct Technologies has a one year low of $8.75 and a one year high of $15.80.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The firm had revenue of $14.75 million during the quarter, compared to the consensus estimate of $12.64 million. TransAct Technologies had a return on equity of 18.19% and a net margin of 5.91%. equities analysts expect that TransAct Technologies will post 0.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Monday, August 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.59%. TransAct Technologies’s payout ratio is 60.00%.
In related news, Director Thomas R. Schwarz sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $14.72, for a total transaction of $73,600.00. Following the sale, the director now directly owns 39,034 shares in the company, valued at approximately $574,580.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Bart C. Shuldman sold 5,823 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $14.53, for a total value of $84,608.19. Following the sale, the chairman now owns 22,028 shares in the company, valued at $320,066.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,557 shares of company stock worth $354,464. 12.53% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in TransAct Technologies in the 1st quarter worth about $153,000. Manatuck Hill Partners LLC bought a new position in TransAct Technologies in the 2nd quarter worth about $246,000. Seizert Capital Partners LLC bought a new position in TransAct Technologies in the 1st quarter worth about $258,000. Wedge Capital Management L L P NC bought a new position in TransAct Technologies in the 1st quarter worth about $389,000. Finally, Deutsche Bank AG increased its stake in TransAct Technologies by 39.4% in the 4th quarter. Deutsche Bank AG now owns 33,258 shares of the technology company’s stock worth $440,000 after acquiring an additional 9,401 shares during the last quarter. Institutional investors own 41.42% 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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