TransAct Technologies Incorporated (NASDAQ:TACT) – Equities researchers at B. Riley raised their FY2017 EPS estimates for shares of TransAct Technologies in a research report issued on Thursday, according to Zacks Investment Research. B. Riley analyst K. Anderson now anticipates that the technology company will post earnings per share of $0.62 for the year, up from their prior forecast of $0.53. B. Riley currently has a “Buy” rating and a $11.00 price objective on the stock. B. Riley also issued estimates for TransAct Technologies’ Q4 2017 earnings at $0.14 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.69 EPS.
TransAct Technologies (NASDAQ:TACT) last issued 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. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.58 million. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%.
Other analysts have also issued reports about the company. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, August 26th.
Shares of TransAct Technologies (NASDAQ:TACT) opened at $13.65 on Monday. The company has a market capitalization of $95.39, a PE ratio of 19.33 and a beta of 0.75. TransAct Technologies has a twelve month low of $6.00 and a twelve month high of $14.15.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TACT. Renaissance Technologies LLC raised its holdings in TransAct Technologies by 1.1% during the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock worth $3,170,000 after acquiring an additional 4,370 shares in the last quarter. North Star Investment Management Corp. bought a new stake in TransAct Technologies during the second quarter worth about $782,000. Algert Global LLC raised its holdings in TransAct Technologies by 10.0% during the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after acquiring an additional 3,765 shares in the last quarter. LSV Asset Management increased its position in TransAct Technologies by 55.5% during the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after buying an additional 18,070 shares during the last quarter. Finally, Northern Trust Corp increased its position in TransAct Technologies by 7.0% during the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after buying an additional 1,730 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.
In related news, CFO Steven A. Demartino sold 2,583 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total transaction of $25,184.25. Following the sale, the chief financial officer now owns 47,419 shares in the company, valued at $462,335.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew John Hoffman sold 30,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.01, for a total value of $390,300.00. Following the sale, the senior vice president now owns 14,791 shares in the company, valued at approximately $192,430.91. The disclosure for this sale can be found here. Insiders have sold 100,062 shares of company stock worth $1,169,159 in the last quarter. 13.22% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 2.64%. TransAct Technologies’s payout ratio is presently 53.73%.
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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