TransAct Technologies Incorporated (TACT) Position Maintained by California Public Employees Retirement System
California Public Employees Retirement System held its stake in TransAct Technologies Incorporated (NASDAQ:TACT) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,752 shares of the technology company’s stock at the end of the first quarter. California Public Employees Retirement System owned approximately 0.45% of TransAct Technologies worth $265,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in TACT. M&T Bank Corp bought a new stake in TransAct Technologies during the first quarter worth $162,000. Algert Global LLC raised its stake in TransAct Technologies by 24.1% in the first quarter. Algert Global LLC now owns 37,589 shares of the technology company’s stock worth $304,000 after buying an additional 7,301 shares during the period. Finally, LSV Asset Management raised its stake in TransAct Technologies by 13.3% in the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock worth $263,000 after buying an additional 3,830 shares during the period. 37.23% of the stock is owned by institutional investors.
Shares of TransAct Technologies Incorporated (TACT) traded up 1.5261% on Tuesday, reaching $10.3049. The company had a trading volume of 8,059 shares. TransAct Technologies Incorporated has a 52 week low of $5.90 and a 52 week high of $10.50. The stock’s 50 day moving average is $9.28 and its 200 day moving average is $8.45. The firm has a market capitalization of $75.87 million, a price-to-earnings ratio of 19.3701 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. The company had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. On average, equities analysts anticipate that TransAct Technologies Incorporated will post $0.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is presently 65.45%.
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A number of research firms have recently weighed in on TACT. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday. B. Riley reissued a “buy” rating and issued a $11.00 target price on shares of TransAct Technologies in a research note on Monday, August 7th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th.
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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