TransAct Technologies Incorporated (TACT) Position Maintained by California Public Employees Retirement System
California Public Employees Retirement System maintained its stake in shares of TransAct Technologies Incorporated (NASDAQ:TACT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,752 shares of the technology company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned approximately 0.45% of TransAct Technologies worth $278,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in shares of TransAct Technologies by 7.0% during the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after buying an additional 1,730 shares during the period. Algert Global LLC raised its holdings in shares of TransAct Technologies by 10.0% during the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after buying an additional 3,765 shares during the period. Renaissance Technologies LLC raised its holdings in shares of TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares during the period. Finally, LSV Asset Management raised its holdings in shares of TransAct Technologies by 55.5% during the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after buying an additional 18,070 shares during the period. Institutional investors and hedge funds own 38.27% of the company’s stock.
Shares of TransAct Technologies Incorporated (NASDAQ TACT) opened at $13.15 on Tuesday. TransAct Technologies Incorporated has a twelve month low of $6.00 and a twelve month high of $15.55. The stock has a market capitalization of $104.23, a P/E ratio of 21.12 and a beta of 0.75.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.12. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. The company had revenue of $15.52 million for the quarter, compared to the consensus estimate of $14.58 million. analysts forecast that TransAct Technologies Incorporated will post 0.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 2.74%. TransAct Technologies’s dividend payout ratio is presently 53.73%.
In other TransAct Technologies news, CFO Steven A. Demartino sold 2,583 shares of TransAct Technologies stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total transaction of $25,184.25. Following the sale, the chief financial officer now directly owns 47,419 shares in the company, valued at approximately $462,335.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew John Hoffman sold 30,000 shares of TransAct Technologies stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.01, for a total value of $390,300.00. Following the sale, the senior vice president now owns 14,791 shares in the company, valued at $192,430.91. The disclosure for this sale can be found here. Insiders have sold a total of 117,312 shares of company stock worth $1,410,044 over the last 90 days. 13.22% of the stock is owned by company insiders.
TACT has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a report on Friday, October 27th. Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 4th.
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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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