TransAct Technologies Incorporated (TACT) Rating Increased to Buy at ValuEngine

TransAct Technologies Incorporated (NASDAQ:TACT) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Saturday, August 26th. B. Riley reiterated a “buy” rating and issued a $11.00 target price on shares of TransAct Technologies in a report on Friday, October 27th.

TransAct Technologies (NASDAQ TACT) opened at $12.80 on Thursday. The firm has a market capitalization of $86.16, a P/E ratio of 17.46 and a beta of 0.75.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.58 million. TransAct Technologies had a return on equity of 20.31% and a net margin of 8.78%. equities analysts predict that TransAct Technologies will post 0.53 earnings per share for the current year.

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In related news, CFO Steven A. Demartino sold 3,348 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.33, for a total transaction of $31,236.84. Following the completion of the transaction, the chief financial officer now owns 45,653 shares in the company, valued at approximately $425,942.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Bart C. Shuldman sold 4,101 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $9.54, for a total value of $39,123.54. Following the transaction, the chairman now owns 13,115 shares of the company’s stock, valued at approximately $125,117.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,360 shares of company stock valued at $352,752. 11.57% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TACT. North Star Investment Management Corp. purchased a new position in TransAct Technologies during the 2nd quarter valued at $782,000. LSV Asset Management boosted its holdings in TransAct Technologies by 55.5% during the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after acquiring an additional 18,070 shares during the period. B. Riley Financial Inc. boosted its holdings in TransAct Technologies by 23.2% during the 2nd quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after acquiring an additional 13,817 shares during the period. Renaissance Technologies LLC raised its position in TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after purchasing an additional 4,370 shares in the last quarter. Finally, Algert Global LLC raised its position in TransAct Technologies by 10.0% during the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after purchasing an additional 3,765 shares in the last quarter. Institutional investors own 37.24% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.

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