Zacks: TransAct Technologies Incorporated (TACT) Given $17.00 Average Price Target by Analysts

Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $17.00 for the company and are forecasting 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 205 out of 265 based on the ratings given to its competitors.

TACT has been the topic of several research analyst reports. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Saturday, November 4th. Finally, B. Riley reiterated a “buy” rating and set a $11.00 price target on shares of TransAct Technologies in a research note on Friday, October 27th.

In related news, SVP Tracey S. Chernay sold 14,250 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $14.02, for a total transaction of $199,785.00. Following the sale, the senior vice president now owns 3,000 shares of the company’s stock, valued at $42,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Graham Y. Tanaka sold 2,095 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $13.39, for a total transaction of $28,052.05. Following the completion of the sale, the director now directly owns 194,153 shares in the company, valued at approximately $2,599,708.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,961 shares of company stock worth $503,004. Insiders own 13.22% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in shares of TransAct Technologies in the fourth quarter valued at approximately $100,000. Macquarie Group Ltd. acquired a new position in TransAct Technologies during the third quarter worth approximately $123,000. Northern Trust Corp increased its position in shares of TransAct Technologies by 7.0% in the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after acquiring an additional 1,730 shares in the last quarter. Spark Investment Management LLC increased its position in shares of TransAct Technologies by 32.9% in the fourth quarter. Spark Investment Management LLC now owns 20,600 shares of the technology company’s stock worth $272,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of TransAct Technologies by 732.9% in the fourth quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock worth $284,000 after acquiring an additional 18,916 shares in the last quarter. 40.00% of the stock is owned by institutional investors and hedge funds.

Shares of TransAct Technologies (TACT) traded up $0.45 during mid-day trading on Wednesday, reaching $13.95. 13,900 shares of the company’s stock traded hands, compared to its average volume of 42,436. The stock has a market cap of $99.44, a PE ratio of 20.82 and a beta of 0.93. TransAct Technologies has a 52 week low of $6.80 and a 52 week high of $15.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.36 dividend on an annualized basis and a yield of 2.58%. TransAct Technologies’s dividend payout ratio is presently 53.73%.

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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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