TransAct Technologies Incorporated (NASDAQ:TACT) – Investment analysts at B. Riley increased their Q2 2018 earnings estimates for TransAct Technologies in a research note issued to investors on Friday. B. Riley analyst K. Anderson now expects that the technology company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.17. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. B. Riley also issued estimates for TransAct Technologies’ Q3 2018 earnings at $0.20 EPS and FY2018 earnings at $0.79 EPS.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. The business had revenue of $15.52 million during the quarter, compared to analyst estimates of $14.58 million.
Shares of TransAct Technologies (NASDAQ:TACT) opened at $15.55 on Monday. The stock has a market capitalization of $114.54, a price-to-earnings ratio of 23.56 and a beta of 0.91. TransAct Technologies has a 12-month low of $6.80 and a 12-month high of $15.65.
In related news, SVP Tracey S. Chernay sold 14,250 shares of the firm’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 directly owns 3,000 shares of the company’s stock, valued at approximately $42,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andrew John Hoffman sold 30,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 102,663 shares of company stock valued at $1,360,511. Corporate insiders own 11.57% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its stake in shares of TransAct Technologies by 7.0% during 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 period. Dimensional Fund Advisors LP increased its stake in shares of TransAct Technologies by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock valued at $2,376,000 after buying an additional 5,607 shares during the period. Algert Global LLC increased its stake in shares of TransAct Technologies by 30.3% during the third quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock valued at $525,000 after buying an additional 12,529 shares during the period. Macquarie Group Ltd. purchased a new position in shares of TransAct Technologies during the third quarter valued at approximately $123,000. Finally, Acadian Asset Management LLC increased its stake in shares of TransAct Technologies by 732.9% during the fourth quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock valued at $284,000 after buying an additional 18,916 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.
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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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