Wells Fargo & Company MN boosted its stake in shares of Exactech, Inc. (NASDAQ:EXAC) by 14.2% during the third quarter, HoldingsChannel.com reports. The fund owned 76,907 shares of the medical equipment provider’s stock after acquiring an additional 9,566 shares during the period. Wells Fargo & Company MN’s holdings in Exactech were worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXAC. Hancock Holding Co. acquired a new stake in shares of Exactech in the 2nd quarter valued at $212,000. Citadel Advisors LLC acquired a new stake in shares of Exactech in the 2nd quarter valued at $235,000. Voya Investment Management LLC acquired a new stake in shares of Exactech in the 2nd quarter valued at $243,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Exactech by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,323 shares of the medical equipment provider’s stock valued at $278,000 after purchasing an additional 289 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Exactech in the 2nd quarter valued at $359,000. Hedge funds and other institutional investors own 66.30% of the company’s stock.

Shares of Exactech, Inc. (NASDAQ:EXAC) opened at $50.50 on Friday. The firm has a market capitalization of $728.41, a price-to-earnings ratio of 41.74, a price-to-earnings-growth ratio of 3.73 and a beta of 1.02. Exactech, Inc. has a twelve month low of $23.30 and a twelve month high of $50.95. The company has a quick ratio of 2.09, a current ratio of 4.08 and a debt-to-equity ratio of 0.06.

Exactech (NASDAQ:EXAC) last issued its earnings results on Monday, October 30th. The medical equipment provider reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $61.78 million. Exactech had a net margin of 0.18% and a return on equity of 7.22%. equities research analysts expect that Exactech, Inc. will post 1.29 earnings per share for the current year.

EXAC has been the topic of a number of research analyst reports. Robert W. Baird downgraded Exactech from an “outperform” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Monday, October 23rd. ValuEngine downgraded Exactech from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Sidoti downgraded Exactech from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. Zacks Investment Research raised Exactech from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Gabelli downgraded Exactech from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.

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About Exactech

Exactech, Inc develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians. The Company’s segments include knee, hip, biologics and spine, extremity and other products. Its other products segment includes miscellaneous sales categories, such as bone cement, instrument rental fees, shipping charges and other product lines.

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Institutional Ownership by Quarter for Exactech (NASDAQ:EXAC)

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