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

Brokerages have set a twelve-month consensus price target of $13.00 for the company and are predicting 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 104 out of 265 based on the ratings given to related companies.

A number of brokerages have recently issued reports on TACT. Zacks Investment Research lowered shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, B. Riley restated a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research report on Friday, October 27th.

In related news, SVP Tracey S. Chernay sold 14,250 shares of TransAct Technologies stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.02, for a total value of $199,785.00. Following the transaction, the senior vice president now directly owns 3,000 shares in the company, valued at approximately $42,060. The transaction 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 TransAct Technologies stock in a transaction on Monday, November 6th. The shares were sold at an average price of $13.01, for a total transaction of $390,300.00. Following the completion of the transaction, the senior vice president now owns 14,791 shares in the company, valued at $192,430.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,663 shares of company stock worth $1,360,511. Insiders own 11.57% of the company’s stock.

Large investors have recently bought and sold shares of the stock. B. Riley Financial Inc. grew its position in TransAct Technologies by 80.3% in the 3rd quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock valued at $1,305,000 after buying an additional 58,793 shares during the last quarter. Algert Global LLC grew its position in TransAct Technologies by 30.3% in the 3rd 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 last quarter. Macquarie Group Ltd. purchased a new position in TransAct Technologies in the 3rd quarter valued at $123,000. LSV Asset Management grew its position in TransAct Technologies by 55.5% in the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after buying an additional 18,070 shares during the last quarter. Finally, Northern Trust Corp grew its position in TransAct Technologies by 7.0% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 38.27% of the company’s stock.

TransAct Technologies (NASDAQ TACT) traded up $1.05 during mid-day trading on Wednesday, reaching $15.20. 161,049 shares of the company’s stock were exchanged, compared to its average volume of 30,461. TransAct Technologies has a 12 month low of $6.80 and a 12 month high of $15.55. The firm has a market capitalization of $104.23, a PE ratio of 22.69 and a beta of 0.91.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. The business had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.58 million. TransAct Technologies had a net margin of 8.78% and a return on equity of 19.99%. sell-side analysts predict that TransAct Technologies will post 0.62 EPS for the current fiscal year.

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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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