TransAct Technologies Incorporated (TACT) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of TransAct Technologies Incorporated (NASDAQ:TACT) from a hold rating to a buy rating in a research note issued to investors on Friday.
Separately, B. Riley reiterated a buy rating and set a $11.00 price target on shares of TransAct Technologies in a research report on Wednesday, August 2nd.
TransAct Technologies (NASDAQ TACT) traded down 1.63% during mid-day trading on Friday, reaching $9.05. The company’s stock had a trading volume of 3,207 shares. The company has a market capitalization of $66.49 million, a PE ratio of 17.34 and a beta of 0.74. TransAct Technologies has a 1-year low of $5.89 and a 1-year high of $9.40. The firm has a 50 day moving average price of $8.69 and a 200-day moving average price of $8.12.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. TransAct Technologies had a return on equity of 16.84% and a net margin of 7.27%. The company had revenue of $13.60 million for the quarter, compared to analysts’ expectations of $14.35 million. On average, equities analysts predict that TransAct Technologies will post $0.51 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is presently 65.45%.
Institutional investors have recently modified their holdings of the company. Algert Global LLC boosted its position in shares of TransAct Technologies by 10.0% in the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after buying an additional 3,765 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of TransAct Technologies during the second quarter worth about $782,000. Renaissance Technologies LLC boosted its position in shares of TransAct Technologies by 1.1% in the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock worth $3,170,000 after buying an additional 4,370 shares during the last quarter. B. Riley Financial Inc. boosted its position in shares of TransAct Technologies by 45.6% in the first quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock worth $481,000 after buying an additional 18,606 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of TransAct Technologies during the first quarter worth about $162,000. Institutional investors and hedge funds own 37.95% of the company’s stock.
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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