Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $13.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 94 out of 265 based on the ratings given to its competitors.
A number of research analysts recently commented on TACT shares. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, November 4th. Finally, B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a report on Friday, October 27th.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in TransAct Technologies by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock worth $2,376,000 after purchasing an additional 5,607 shares in the last quarter. B. Riley Financial Inc. lifted its stake in TransAct Technologies by 80.3% during the third quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after purchasing an additional 58,793 shares in the last quarter. Algert Global LLC lifted its stake in TransAct Technologies by 30.3% during the third quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after purchasing an additional 12,529 shares in the last quarter. LSV Asset Management lifted its stake in TransAct Technologies by 55.5% during the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after purchasing an additional 18,070 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in TransAct Technologies by 7.0% during the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after purchasing an additional 1,730 shares in the last quarter. Institutional investors own 38.27% of the company’s stock.
TransAct Technologies (TACT) traded down $0.15 on Friday, reaching $14.55. The company had a trading volume of 26,900 shares, compared to its average volume of 35,196. TransAct Technologies has a 12-month low of $6.75 and a 12-month high of $15.55. The firm has a market capitalization of $107.17, a PE ratio of 22.05 and a beta of 0.91.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. The firm had revenue of $15.52 million for the quarter, compared to analysts’ expectations of $14.58 million. equities research analysts expect that TransAct Technologies will post 0.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, November 17th. TransAct Technologies’s dividend payout ratio is presently 54.55%.
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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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