Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price objective of $16.00 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 225 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, August 7th. B. Riley reaffirmed a “buy” rating on shares of TransAct Technologies in a report on Friday, August 3rd. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, June 21st.

In other TransAct Technologies news, CFO Steven A. Demartino sold 5,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $14.57, for a total value of $72,850.00. Following the transaction, the chief financial officer now directly owns 57,243 shares in the company, valued at approximately $834,030.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Bart C. Shuldman sold 5,823 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $14.53, for a total value of $84,608.19. Following the completion of the transaction, the chairman now owns 22,028 shares in the company, valued at $320,066.84. The disclosure for this sale can be found here. Insiders sold a total of 20,557 shares of company stock worth $299,164 over the last quarter. Corporate insiders own 12.53% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of TransAct Technologies by 23.8% in the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after purchasing an additional 14,156 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of TransAct Technologies by 20.4% in the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 25,330 shares during the last quarter. Cowen Prime Services LLC boosted its position in shares of TransAct Technologies by 5.4% in the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after purchasing an additional 8,299 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TransAct Technologies by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 287,664 shares of the technology company’s stock worth $3,754,000 after purchasing an additional 30,874 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of TransAct Technologies by 10.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 311,000 shares of the technology company’s stock worth $4,059,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

TACT stock opened at $14.40 on Friday. TransAct Technologies has a fifty-two week low of $8.80 and a fifty-two week high of $15.80. The firm has a market cap of $106.24 million, a P/E ratio of 24.00 and a beta of 0.99.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. TransAct Technologies had a return on equity of 18.19% and a net margin of 5.91%. The firm had revenue of $14.75 million during the quarter, compared to analysts’ expectations of $12.64 million. equities analysts anticipate that TransAct Technologies will post 0.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Monday, August 20th were given a $0.09 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a yield of 2.50%. TransAct Technologies’s payout ratio is 60.00%.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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