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

Several other equities research analysts have also recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $11.00 price target on shares of TransAct Technologies in a research report on Friday, October 27th. Zacks Investment Research cut TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. The company had revenue of $15.52 million for the quarter, compared to analysts’ expectations of $14.58 million.

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In related news, CFO Steven A. Demartino sold 3,293 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $9.70, for a total value of $31,942.10. Following the completion of the sale, the chief financial officer now directly owns 47,419 shares in the company, valued at approximately $459,964.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bart C. Shuldman sold 4,101 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $9.54, for a total value of $39,123.54. Following the completion of the sale, the chairman now owns 13,115 shares of the company’s stock, valued at $125,117.10. The disclosure for this sale can be found here. In the last three months, insiders sold 37,360 shares of company stock valued at $352,752. 11.57% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Financial Inc. lifted its holdings in TransAct Technologies by 23.2% in the 2nd quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock worth $622,000 after purchasing an additional 13,817 shares during the last quarter. Northern Trust Corp lifted its holdings in TransAct Technologies by 7.0% in the 2nd 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 during the last quarter. LSV Asset Management lifted its holdings in TransAct Technologies by 55.5% in the 2nd 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 during the last quarter. Algert Global LLC lifted its holdings in TransAct Technologies by 10.0% in the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after purchasing an additional 3,765 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of TransAct Technologies during the second quarter worth approximately $782,000. Hedge funds and other institutional investors own 37.24% of the company’s stock.

About TransAct Technologies

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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