ValuEngine upgraded shares of TransAct Technologies Incorporated (NASDAQ:TACT) from a hold rating to a buy rating in a research report report published on Thursday.
Separately, B. Riley reaffirmed a buy rating and set a $11.00 price target on shares of TransAct Technologies in a research report on Sunday, May 7th.
TransAct Technologies (TACT) opened at 8.575 on Thursday. TransAct Technologies has a 12-month low of $5.90 and a 12-month high of $9.40. The firm has a market capitalization of $63.00 million, a price-to-earnings ratio of 16.427 and a beta of 0.73. The company’s 50 day moving average price is $8.57 and its 200-day moving average price is $7.70.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.11. The company had revenue of $14 million during the quarter, compared to the consensus estimate of $13.94 million. TransAct Technologies had a return on equity of 16.37% and a net margin of 6.92%. On average, equities analysts anticipate that TransAct Technologies will post $0.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were given a $0.09 dividend. This is an increase from TransAct Technologies’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, May 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 67.92%.
A number of hedge funds have recently added to or reduced their stakes in TACT. GRT Capital Partners L.L.C. purchased a new stake in TransAct Technologies during the fourth quarter worth about $160,000. M&T Bank Corp purchased a new stake in TransAct Technologies during the first quarter worth about $162,000. LSV Asset Management increased its stake in TransAct Technologies by 13.3% in the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock worth $263,000 after buying an additional 3,830 shares in the last quarter. Algert Global LLC increased its stake in 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. Finally, Ancora Advisors LLC increased its stake in TransAct Technologies by 27.1% in the fourth quarter. Ancora Advisors LLC now owns 61,058 shares of the technology company’s stock worth $403,000 after buying an additional 13,000 shares in the last quarter. 36.68% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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