TransAct Technologies Incorporated (TACT) Given $16.00 Consensus Target Price by Analysts

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TransAct Technologies Incorporated (NASDAQ:TACT) has received 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 analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $16.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 183 out of 255 based on the ratings given to its competitors.

Several research firms have weighed in on TACT. B. Riley reiterated a “buy” rating on shares of TransAct Technologies in a report on Friday, August 3rd. Zacks Investment Research cut TransAct Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, June 21st.

In other news, Chairman Bart C. Shuldman sold 5,823 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $14.53, for a total value of $84,608.19. Following the completion of the transaction, the chairman now owns 22,028 shares of the company’s stock, valued at approximately $320,066.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bart C. Shuldman sold 3,462 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $14.40, for a total value of $49,852.80. Following the completion of the transaction, the chairman now directly owns 19,854 shares of the company’s stock, valued at approximately $285,897.60. The disclosure for this sale can be found here. Insiders sold a total of 20,557 shares of company stock valued at $299,164 in the last three months. Corporate insiders own 12.53% of the company’s stock.

Large investors have recently made changes to their positions in the company. Manatuck Hill Partners LLC bought a new position in shares of TransAct Technologies in the 2nd quarter worth approximately $246,000. Acadian Asset Management LLC increased its position in TransAct Technologies by 23.8% during the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after buying an additional 14,156 shares in the last quarter. Cadence Capital Management LLC increased its position in TransAct Technologies by 20.4% during the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after buying an additional 25,330 shares in the last quarter. Cowen Prime Services LLC increased its position in TransAct Technologies by 5.4% during the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after buying an additional 8,299 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in TransAct Technologies by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 287,664 shares of the technology company’s stock valued at $3,754,000 after buying an additional 30,874 shares in the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

NASDAQ TACT traded up $0.17 on Friday, hitting $14.57. The company’s stock had a trading volume of 11,235 shares, compared to its average volume of 21,920. TransAct Technologies has a 52-week low of $8.80 and a 52-week high of $15.80. The stock has a market cap of $106.24 million, a P/E ratio of 24.28 and a beta of 0.79.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.07. TransAct Technologies had a return on equity of 18.19% and a net margin of 5.91%. The business had revenue of $14.75 million during the quarter, compared to analysts’ expectations of $12.64 million. Equities analysts forecast that TransAct Technologies will post 0.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Monday, August 20th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, August 17th. TransAct Technologies’s dividend payout ratio is currently 60.00%.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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