Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $16.50 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 23 out of 256 based on the ratings given to related companies.
A number of research firms recently issued reports on TACT. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday. ValuEngine lowered TransAct Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Finally, B. Riley raised their price target on TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, November 7th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of TransAct Technologies by 3.2% during the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock worth $5,782,000 after purchasing an additional 12,400 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TransAct Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after purchasing an additional 7,428 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of TransAct Technologies by 16.1% during the third quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock worth $2,497,000 after purchasing an additional 24,046 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of TransAct Technologies by 13.6% during the fourth quarter. North Star Investment Management Corp. now owns 113,100 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Manatuck Hill Partners LLC increased its position in shares of TransAct Technologies by 158.8% during the third quarter. Manatuck Hill Partners LLC now owns 50,853 shares of the technology company’s stock worth $732,000 after purchasing an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 40.70% of the company’s stock.
NASDAQ:TACT traded up $0.03 during midday trading on Friday, reaching $9.58. The company had a trading volume of 6,168 shares, compared to its average volume of 33,683. The firm has a market cap of $69.70 million, a PE ratio of 15.97 and a beta of 0.77. TransAct Technologies has a 12-month low of $8.40 and a 12-month high of $15.95.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Tuesday, November 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. The firm had revenue of $15.84 million during the quarter, compared to analyst estimates of $15.49 million. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. Equities analysts anticipate that TransAct Technologies will post 0.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, November 19th. TransAct Technologies’s dividend payout ratio is presently 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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