Research Analysts’ Recent Ratings Updates for TransAct Technologies (TACT)

A number of firms have modified their ratings and price targets on shares of TransAct Technologies (NASDAQ: TACT) recently:

  • 2/21/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/20/2019 – TransAct Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/15/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/14/2019 – TransAct Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/8/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/5/2019 – TransAct Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 2/2/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 1/26/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $12.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 1/19/2019 – TransAct Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 1/17/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 1/11/2019 – TransAct Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “
  • 1/10/2019 – TransAct Technologies was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “

Shares of NASDAQ TACT opened at $10.60 on Friday. The company has a market capitalization of $77.96 million, a PE ratio of 17.67 and a beta of 0.86. TransAct Technologies Incorporated has a 52-week low of $8.40 and a 52-week high of $15.95.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Wednesday, February 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.40%. This is an increase from TransAct Technologies’s previous quarterly dividend of $0.08. TransAct Technologies’s payout ratio is 60.00%.

In other news, SVP Tracey S. Chernay sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $10.49, for a total value of $41,960.00. Following the transaction, the senior vice president now owns 4,000 shares in the company, valued at approximately $41,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Graham Y. Tanaka sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $10.51, for a total transaction of $78,825.00. Following the completion of the transaction, the director now owns 124,471 shares in the company, valued at approximately $1,308,190.21. The disclosure for this sale can be found here. Insiders sold a total of 77,878 shares of company stock worth $804,492 in the last 90 days. Corporate insiders own 12.53% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC increased its stake in shares of TransAct Technologies by 158.8% in the 3rd quarter. Manatuck Hill Partners LLC now owns 50,853 shares of the technology company’s stock valued at $732,000 after acquiring an additional 31,200 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of TransAct Technologies by 16.1% in the 3rd quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock valued at $2,497,000 after acquiring an additional 24,046 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of TransAct Technologies by 13.6% in the 4th quarter. North Star Investment Management Corp. now owns 113,100 shares of the technology company’s stock valued at $1,016,000 after acquiring an additional 13,500 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of TransAct Technologies by 3.2% in the 3rd quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock valued at $5,782,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 7,428 shares in the last quarter. Institutional investors own 40.91% of the company’s stock.

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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