TransAct Technologies Incorporated (NASDAQ:TACT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Saturday, August 26th. B. Riley reaffirmed a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a report on Monday, August 7th.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.58 million. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%.

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In other TransAct Technologies news, CFO Steven A. Demartino sold 3,348 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.33, for a total value of $31,236.84. Following the sale, the chief financial officer now directly owns 45,653 shares in the company, valued at $425,942.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bart C. Shuldman sold 15,400 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.24, for a total value of $142,296.00. Following the completion of the sale, the chairman now owns 12,494 shares in the company, valued at $115,444.56. The disclosure for this sale can be found here. Insiders sold 37,360 shares of company stock worth $352,752 over the last quarter. 11.57% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp lifted its stake in TransAct Technologies by 7.0% in the second 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 last quarter. Algert Global LLC lifted its stake in TransAct Technologies by 10.0% in the second 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 last quarter. LSV Asset Management lifted its stake in TransAct Technologies by 55.5% in the second 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 last quarter. B. Riley Financial Inc. lifted its stake in TransAct Technologies by 23.2% in the second quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after buying an additional 13,817 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in TransAct Technologies in the second quarter valued at $782,000. Institutional investors own 37.24% of the company’s stock.

About TransAct Technologies

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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