Zacks: TransAct Technologies Incorporated (TACT) Receives Consensus Rating of “” from Analysts
Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $11.00 for the company and are expecting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 120 out of 265 based on the ratings given to its competitors.
TACT has been the topic of several recent research reports. B. Riley reiterated a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research report on Monday. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Friday.
Shares of TransAct Technologies (NASDAQ:TACT) remained flat at $9.70 during mid-day trading on Tuesday. 10,485 shares of the stock traded hands. TransAct Technologies has a one year low of $5.89 and a one year high of $9.80. The firm’s 50 day moving average price is $8.69 and its 200 day moving average price is $8.12. The stock has a market capitalization of $71.27 million, a price-to-earnings ratio of 18.58 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.84%. The firm had revenue of $13.60 million for the quarter, compared to the consensus estimate of $14.35 million. Equities analysts forecast that TransAct Technologies will post $0.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio is 65.45%.
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A number of institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. bought a new position in shares of TransAct Technologies during the second quarter worth $782,000. Renaissance Technologies LLC boosted its stake in shares of TransAct Technologies by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 387,001 shares of the technology company’s stock worth $2,554,000 after buying an additional 36,501 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of TransAct Technologies during the first quarter worth about $162,000. B. Riley Financial Inc. boosted its stake in shares of TransAct Technologies by 45.6% in the first quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock worth $481,000 after buying an additional 18,606 shares in the last quarter. Finally, Algert Global LLC boosted its stake in shares of 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 in the last quarter. 37.95% of the stock is currently owned by hedge funds and other institutional investors.
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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