TransAct Technologies (NASDAQ:TACT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “

TACT has been the subject of several other reports. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research report on Friday, October 27th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Shares of TransAct Technologies (TACT) traded up $0.55 during mid-day trading on Friday, reaching $13.75. 23,600 shares of the company’s stock traded hands, compared to its average volume of 28,367. TransAct Technologies has a 52 week low of $6.70 and a 52 week high of $15.55. The stock has a market cap of $97.23, a PE ratio of 20.52 and a beta of 0.91.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.58 million. TransAct Technologies had a net margin of 8.78% and a return on equity of 19.99%. analysts forecast that TransAct Technologies will post 0.62 EPS for the current year.

In other TransAct Technologies news, SVP Andrew John Hoffman sold 30,000 shares of TransAct Technologies stock in a transaction on Monday, November 6th. The shares were sold at an average price of $13.01, for a total value of $390,300.00. Following the transaction, the senior vice president now directly owns 14,791 shares in the company, valued at $192,430.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracey S. Chernay sold 14,250 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $14.02, for a total transaction of $199,785.00. Following the transaction, the senior vice president now owns 3,000 shares in the company, valued at $42,060. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,663 shares of company stock worth $1,360,511. 11.57% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of TACT. Macquarie Group Ltd. purchased a new stake in TransAct Technologies during the third quarter worth about $123,000. M&T Bank Corp purchased a new stake in shares of TransAct Technologies in the first quarter valued at about $162,000. Algert Global LLC lifted its holdings in shares of TransAct Technologies by 13.6% in the first quarter. Algert Global LLC now owns 23,232 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,781 shares in the last quarter. GRT Capital Partners L.L.C. purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $160,000. Finally, TIAA CREF Trust Co. FSB MO purchased a new stake in shares of TransAct Technologies in the second quarter valued at about $200,000. Institutional investors and hedge funds own 38.27% of the company’s stock.

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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.

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