American Century Companies Inc. Has $620,000 Position in Daktronics, Inc. (DAKT)
American Century Companies Inc. maintained its position in Daktronics, Inc. (NASDAQ:DAKT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,369 shares of the technology company’s stock at the end of the second quarter. American Century Companies Inc. owned approximately 0.15% of Daktronics worth $620,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital Investment Counsel Inc grew its position in shares of Daktronics by 4.6% in the 2nd quarter. Capital Investment Counsel Inc now owns 57,239 shares of the technology company’s stock valued at $551,000 after buying an additional 2,505 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Daktronics by 44.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,417 shares of the technology company’s stock valued at $129,000 after buying an additional 4,130 shares during the last quarter. Legal & General Group Plc grew its position in shares of Daktronics by 12.0% in the 2nd quarter. Legal & General Group Plc now owns 74,472 shares of the technology company’s stock valued at $718,000 after buying an additional 7,981 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Daktronics by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 148,989 shares of the technology company’s stock valued at $1,435,000 after buying an additional 912 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Daktronics by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 29,279 shares of the technology company’s stock valued at $282,000 after buying an additional 245 shares during the last quarter. 51.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Carla S. Gatzke sold 2,988 shares of Daktronics stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $10.00, for a total value of $29,880.00. Following the completion of the sale, the insider now owns 436,130 shares in the company, valued at $4,361,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.20, for a total transaction of $492,452.40. Following the completion of the sale, the director now owns 67,182 shares of the company’s stock, valued at approximately $886,802.40. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.
Daktronics, Inc. (NASDAQ DAKT) opened at 10.19 on Tuesday. The stock has a market capitalization of $451.28 million, a P/E ratio of 35.02 and a beta of 1.25. Daktronics, Inc. has a 52-week low of $7.84 and a 52-week high of $11.12. The company has a 50 day moving average of $9.59 and a 200-day moving average of $9.48.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $172.70 million during the quarter, compared to analyst estimates of $165.00 million. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Equities research analysts anticipate that Daktronics, Inc. will post $0.40 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Monday, September 11th will be paid a $0.07 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. Daktronics’s dividend payout ratio (DPR) is presently 96.56%.
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DAKT has been the topic of a number of recent analyst reports. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, August 24th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.83.
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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